News Release - Magna Receives Honda Service Parts Supplier Award for Performance

AURORA, Ontario, July 6, 2016 – Magna International Inc. announced that its electronics manufacturing division in Holly, Michigan, has received the Honda Supplier Performance Recognition Award for its outstanding performance in delivering service parts on time and without defects. The division supplies Honda with innovative front- and rearview cameras.

The Honda Supplier Performance Recognition Award recognizes suppliers who show excellence in delivering the highest-quality products and customer service. The award is based on criteria including project complexity, years of service with Honda and excellence in quality, delivery, development, customer service and budget management. 

“We pride ourselves in being responsive and exceeding quality expectations, said Jeff Gary, General Manager of Magna Electronics in Holly. “Both go hand-in-hand in satisfying our customers and acquiring new business. Our Holly team is focused and dedicated to exceeding customer expectations, and we are honored to have received this recognition.” 

With approximately 529 employees, Magna Electronics Holly manufactures front- and rearview cameras for several automakers including Honda, Ford, Jaguar and Toyota.  This marks the third time this year that Magna’s electronics divisions around the world have been recognized by Honda with a supplier performance award.

About Magna 
We are a leading global automotive supplier with 306 manufacturing operations and 92 product development, engineering and sales centres in 29 countries. We have over 147,000 employees focused on delivering superior value to our customers through innovative products and 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.