News Release - Magna Division in China Honored with Fiat Chrysler's Supplier of the Year Award

Complete Vehicle Eng & Mfg - FCA
SHANGHAI, China, February 8, 2016 – Magna International Inc. announced that its Magna Steyr Engineering Center China has received the Supplier of the Year Award from Fiat Chrysler Automobiles (FCA) for its outstanding performance in 2015. The award was presented to Bruno Lambert, President Magna Steyr Asia, and Hassine Sioud, General Manager Magna Steyr Engineering Center China, at the FCA APAC Supplier Town Hall Meeting in Shanghai.

“Fiat Chrysler has been a long-time customer of Magna. It means a great deal to our group to be able to grow with them in China and receive an acknowledgment such as this,” said Bruno Lambert.

Magna, through its Magna Steyr operating unit, is the world’s leading, brand-independent engineering and manufacturing partner for automobile makers. In 2014 the engineering center, with its team of approximately 65 employees, won its first major award from FCA, a program that is planned for start of production this year.

About Magna International
We are a leading global automotive supplier with 305 manufacturing operations and 95 product development, engineering and sales centres in 29 countries. We have over 139,000 employees focused on delivering superior value to our customers through innovative products, processes and World Class Manufacturing. Our product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

# # #

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.