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Magna International Wins 3 GM Supplier-of-the-Year Awards

28 April 1998

Magna International Inc. Groups Win Three GM Supplier-of-the-Year Awards

    AURORA, Ontario, April 27 -- Magna International Inc.
extended its winning streak to five consecutive years in which the
company has been honored by General Motors as either a Supplier-of-
the-Year or Corporation-of-the-Year.
    The 1997 awards were announced in Mexico City by GM and include the
following three Magna Supplier-of-the-Year honors:

    * Magna International's Cosma Body & Chassis Group was honored as a
Supplier-of-the-Year for body & chassis systems, modules & components.
    * Magna International's Versatrim division of Magna Interior Systems Group
was recognized as a Supplier-of-the-Year for interior door panels, instrument
panels, headliners, consoles and package trays.
    * Magna International's Interior Systems Group in the United Kingdom was
honored as a Supplier-of-the-Year for world instrument panels.
    * In addition, Conix Corporation, a joint venture between Ford Motor
Company and Magna, was also named Supplier-of-the-Year for the fourth time,
for fascia systems.

    General Motors Worldwide Purchasing selected just 182 supplier companies
for the 1997 awards from its global supplier base of more than 30,000
companies.  This is the sixth year for GM's program that recognizes supplier
companies worldwide who exceed specific performance standards in the areas of
quality, service and price.  The award winners represent 25 countries.
    Magna International, one of the most diversified automotive systems
suppliers in the world, designs, develops and manufactures automotive systems,
assemblies and components primarily for sale to original equipment
manufacturers of cars and light trucks in North America, Mexico, South America
and Europe.  Magna has over 41,000 employees in 146 manufacturing operations
and 27 product development and engineering centers in 16 countries.

SOURCE  Magna International Inc.