<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>press.txt
<DESCRIPTION>PRESS RELEASE DATED AUGUST 20, 2004
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                                                          EXHIBIT 99.1

MAGNA LOGO                                    Magna International Inc.
                                              337 Magna Drive
                           .                  Aurora, Ontario L4G 7K1
                                              Tel (905) 726-2462
                                              Fax (905) 726-7164

                        PRESS RELEASE

           MR. MARK HOGAN JOINS MAGNA AS PRESIDENT


August 20, 2004, Aurora, Ontario, Canada....Magna International Inc.
TSX: MG.A, MG.B; NYSE: MGA) today announced that Mr.
Mark Hogan has joined Magna as President.  He will work closely with
the two Executive Vice-Chairmen of Magna, Mr. Manfred Gingl and Mr.
Siegfried Wolf, from offices in Detroit, Michigan. Mr. Hogan has spent
over 30 years with General Motors, most recently as General Motors'
Group Vice-President for Advanced Vehicle Development. His career
included assignments as President, GM do Brazil, President of e-GM
and as general manager for the GM North American Car Group, Small Car
Operations. At Magna, Mr. Hogan will draw on his extensive global
experience with General Motors' operations and his advanced vehicle
development expertise.

Frank Stronach, Magna's Chairman and Interim President and Chief
Executive Officer stated: "Mark will be an extremely valuable addition
to our senior management team where his broad experience in various
areas at General Motors, the world's largest OEM, will assist us in our
efforts to explore new  markets and opportunities."

"I have had a wonderful and rewarding career at General Motors,"
commented Mr. Hogan. "In my new position at Magna, I intend to advance
Magna's unique role as the world's most diversified Tier One supplier
of automotive systems."

For further information, please contact Vincent J. Galifi or Louis
Tonelli at (905) 726-7100.


Magna, the most diversified automotive supplier 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. Our products
include: automotive interior and closure components, systems and
modules through Intier Automotive  Inc.; metal body systems,
components, assemblies and modules through Cosma International;
exterior and interior mirror and engineered glass systems
through Magna Donnelly; fascias, front and rear end modules, plastic
body  panels, exterior trim components and systems, greenhouse and
sealing systems, roof modules and lighting components through Decoma
International Inc.;  various engine, transmission and fueling systems
and components through Tesma International Inc.; a variety of
drivetrain components through Magna Drivetrain; and complete vehicle
engineering and assembly through Magna Steyr.

Magna has approximately 77,000 employees in 215 manufacturing
Operations and 48 product development and engineering centres in
22 countries.

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    For further information about Magna, please see our website at
    www.magna.com.  Copies of financial data and other publicly filed
    documents are available through the internet on the Canadian
    Securities Administrators' System for Electronic Document
    Analysis and Retrieval (SEDAR) which can be accessed at
    www.sedar.com.
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