2014

Correction Notice to Second Quarter and Year to Date Results Press Release regarding "Complete Vehicle Assembly" Sales

AURORA,ON, Aug. 10, 2012 /PRNewswire/ - Magna International Inc. (TSX: MG; NYSE: MGA) Please note the correction below to our press release titled "Magna Announces Second Quarter and Year to Date Results" which was distributed on Thursday, August 9, 2012.  We apologize for any inconvenience.

The corrected amount (originally disclosed as $615) is underlined in the table below.

Management's Discussion and Analysis of Results of Operations and Financial Position
RESULTS OF OPERATIONS - FOR THE THREE MONTHS ENDED JUNE 30, 2012
Sales 
  For the three months
ended June 30,
 
  2012     2011     Change
                 
Vehicle Production Volumes (millions of units)                
  North America   3.985     3.103   + 28%
  Western Europe   3.307     3.548   - 7%
                 
Sales                
  External Production                
    North America $ 3,907   $ 3,533   + 11%
      Europe   2,249     2,258       —
    Rest of World   415     335   + 24%
  Complete Vehicle Assembly   645     728   - 11%
  Tooling, Engineering and Other   511     484   + 6%
Total Sales $ 7,727   $ 7,338   + 5%

ABOUT MAGNA

We are a leading global automotive supplier with 296 manufacturing operations and 88 product development, engineering and sales centres in 26 countries. Our 115,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures 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.

 

 

SOURCE Magna International Inc.



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