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Magna Announces New Appointment

16 July 1999

Magna Announces New Appointment

    AURORA, Ontario, July 16 -- Magna International Inc.
(TSE: MG.A, MG.B; ME: MG.A; NYSE: MGA) President and CEO Don Walker is pleased
to announced that Craig Winn will be joining Magna effective July 26, 1999 as
President, Symatec North America.
    Winn joins Magna after 19 years at DaimlerChrysler where he was most
recently Vice-President, Jeep Platform Engineering.  Winn's expertise in
understanding complete vehicles and his strong engineering background is an
excellent complement to existing Symatec and Steyr-Daimler-Puch organizations.
The move is supported by DaimlerChrysler as it will strengthen Magna's
expertise as a key supplier to DaimlerChrysler in major modules of a vehicle
and contract vehicle engineering and development.
    Winn will work closely with John Thomas, Symatec Executive Vice-President
and Jurgen Stockmar, Magna Executive Vice-President, Engineering, Research &
Development relative to engineering and operating issues within Symatec.
    Magna, one of the most diversified automotive suppliers in the world,
designs, develops and manufactures automotive systems, assemblies and
components, and engineers and assembles complete vehicles, primarily for sale
to original equipment manufacturers of cars and light trucks in North America,
Europe, Mexico, South America and the Asia Pacific.  Magna's products include:
exterior decorative systems and panels; interior products including complete
seats, instrument and door panel systems and sound insulation; stamped and
welded metal parts and assemblies; sunroofs; electro-mechanical devices and
assemblies and navigation systems; a variety of plastic parts, including body
panels and fascias through Decoma International Inc.; various engine,
powertrain and fueling and cooling components through Tesma International
Inc.; and a variety of drivetrain components and complete vehicle engineering
and assembly through the Steyr-Daimler-Puch Group.
    Magna has over 54,000 employees in 164 manufacturing operations and 29
product development and engineering centres in 18 countries.