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                                                                    EXHIBIT 99.1



[LOGO]                                                       [LOGO]

MAGNA INTERNATIONAL INC.                                    DONNELLY CORPORATION
337 Magna Drive                                             49 West Third Street
Aurora, Ontario L4G 7K1                                  Holland, Michigan 49423
Tel: (905) 726-2462                                          Tel: (616) 786-7000
Fax: (905) 726-7164                                          Fax: (616) 786-6034



                               JOINT PRESS RELEASE

               MAGNA ANNOUNCES COMPLETION OF DONNELLY ACQUISITION


OCTOBER 1, 2002 - AURORA, ONTARIO AND HOLLAND, MICHIGAN......MAGNA INTERNATIONAL
INC. (NYSE: MGA; TSX: MG.A; MG.B) AND DONNELLY CORPORATION (NYSE: DON) announced
today the completion of the previously announced acquisition of Donnelly
Corporation. As a result of the transaction, each share of Donnelly common stock
will be exchanged into 0.459 of a Magna Class A Subordinate Voting Share. An
aggregate of approximately 5.3 million Magna Class A Subordinate Voting Shares
will be issued in connection with the acquisition of Donnelly. After the close
of business today, shares of Donnelly's Class A common stock will cease to be
traded on the NYSE.

Belinda Stronach, Magna's President and Chief Executive Officer stated: "The
Magna Donnelly merger advances our position to a global leader in mirrors. Today
our mirrors business has an extended product line, a more diversified customer
base and an enhanced technology platform based on advanced electronics. We have
an experienced management team at Magna Donnelly and I am confident this team
will achieve synergies and growth that will enhance Magna shareholder value."

Magna, one of the most diversified automotive suppliers in the world, designs,
develops and manufactures automotive systems, assemblies, modules 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 Asia. Magna's products include: interior
products, including complete seats, instrument and door panel systems and sound
insulation, and closure systems through Intier Automotive Inc.; stamped,
hydroformed and welded metal parts and assemblies through Cosma International;
exterior and interior mirror systems through Magna Mirror Systems; a variety of
plastic parts and exterior decorative systems including body panels and fascias
through Decoma International Inc.; various engine, transmission, fueling and
cooling components through Tesma International Inc.; and a variety of drivetrain
components and complete vehicle engineering and assembly through Magna Steyr.
Magna's non-automotive activities are conducted through Magna Entertainment
Corp.

Magna has approximately 65,000 employees in 176 manufacturing operations and 43
product development and engineering centers in 19 countries. More information on
Magna is available on Magna's website at http://www.magna.com.
                                         --------------------

Donnelly is a technology-driven, customer-focused automotive supplier that has
been based in Holland, Michigan, since 1905. Through its various product lines,
Donnelly serves every major automotive manufacturer in the world. The company
has more than 6,000 employees in 14 countries worldwide. Donnelly has been named
by the Society of Automotive Engineers as a model company in lean manufacturing
practices and has been recognized by Automotive



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Industries magazine as one of the "Best of the Best" suppliers of mirrors and
lighting systems. In addition, Donnelly is nationally recognized as a leader in
the application of participative management principles and systems. More
information on Donnelly is available on Donnelly's website at
http://www.donnelly.com.
-----------------------

For further information: please contact Vincent Galifi at Magna at
(905) 726-7100 or Frank O'Brien at Donnelly at (616) 786-6210.



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