---

Magna Announces Joint Venture With Grammer A.G.

2 September 1998

Magna Announces Joint Venture With Grammer A.G. To Supply Truck Interior Systems

    AURORA, Ontario, Sept. 2 -- Magna International Inc.
announced the formation of a 50/50
joint venture company with Grammer A.G. of Amberg, Germany, to supply truck
interior systems to service the North American medium and heavy-duty truck
market.  The new company's name is GRA-MAG Truck Interior Systems, LLC, and it
will have its headquarters in Livonia, Michigan.
    The JV company has been established to introduce the sophisticated truck
seating systems developed and engineered by Grammer A.G., a European market
leader, into North America.  GRA-MAG will develop seats to meet the unique
requirements of the North American market and will supply those seats to its
customers on a Just-In-Time ("J.I.T.") basis.
    Robert M. Adams of Magna has been appointed President of the company.
According to Adams, "GRA-MAG has already secured business with a major North
American truck producer.  We plan to combine the automotive experience and JIT
production background that Magna has in North America with the heavy truck
product expertise of Grammer in Germany.  This combination of strengths will
provide the North American market with a higher level of technology and
service at competitive prices."
    Magna International, one of the most diversified automotive systems
suppliers in the world, designs and manufactures automotive systems,
assemblies and components primarily for sale in North America, Europe, Mexico,
South America, and Asia.  Magna has over 49,000 employees in 155 manufacturing
operations and 30 product development and engineering centers in 16 countries.
    Grammer A.G., specializing in seat systems for the trucking, agriculture,
mass transit, and automotive industries, employs over 3,100 people in 20
production and technical centers in 12 countries.