<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>press30b.txt
<DESCRIPTION>PRESS RELEASE DATED SEPTEMBER 30, 2004
<TEXT>
                                                   Exhibit 99
MAGNA LOGO                                Magna International Inc.
                                          337 Magna Drive
                                          Aurora, Ontario L4G 7K1
                                          Tel   (905) 726-2462
                                          Fax   (905) 726-7164

                                PRESS RELEASE

MAGNA ANNOUNCES COMPLETION OF REDEMPTION OF PREFERRED SECURITIES

September 30, 2004, Aurora, Ontario, Canada......Magna International Inc. (TSX:
MG.A, MG.B; NYSE: MGA) today announced the completion of redemption of all of
the Cdn $165 million in outstanding 8.65% Series A Preferred Securities and
all of the U.S. $170 million in outstanding 8.875% Series B Cumulative
Quarterly Income Preferred Securities (collectively, the "Preferred
Securities").  The Preferred Securities were redeemed at a price equal to 100%
of the principal amount of the Preferred Securities plus accrued and unpaid
interest thereon to, but excluding, the respective dates of redemption. The
Preferred Securities were called for redemption on August 10, 2004.

For further information, please contact Louis Tonelli at (905) 726-7035.

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 81,000 employees in 217 manufacturing operations and 49
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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