Magna International Donates to Japan Disaster Relief Fund

AURORA, ON, March 18 /PRNewswire/ - Magna International announced today that the company is donating $250,000 USD (20,157,400 JPY) to the Japan Red Cross to assist disaster relief efforts in Japan following the devastating earthquake and tsunami which occurred on March 11, 2011. In addition, the company has also established a disaster relief fund to directly assist its employees in Japan.

"On behalf of the entire Magna International family, I wish to extend our most sincere sympathy and support during this most difficult time," said Don Walker, CEO of Magna International. "Our thoughts and prayers go out to the families of Magna Japan, our valued customers and the people of Japan."

Magna has approximately 180 employees in Japan at two manufacturing operations and four sales, engineering and product development offices. All Magna employees in Japan and their families are safe and have been accounted for, and the company has ceased operations for at least this week.

About Magna International
Magna International (www.magna.com) is the most diversified automotive supplier in the world. We design, develop and manufacture automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and structural systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; hybrid and electric vehicles/systems as well as complete vehicle engineering and assembly.

Magna has more than 96,000 employees in 256 manufacturing operations and 82 product development, engineering and sales centers in 26 countries.

SOURCE Magna International of America Inc.

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