<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>efc4-1919_exh.txt
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                                                                    Exhibit 99.1

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

                                 PRESS RELEASE

                   MAGNA ANNOUNCES PROPOSALS TO TAKE PRIVATE
                   -----------------------------------------
                           ITS PUBLIC SUBSIDIARIES
                           -----------------------


October 25, 2004, Aurora, Ontario, Canada - Magna International Inc. (TSX:
MG.A, MG.B; NYSE: MGA) announced today that it has made separate proposals to
the respective boards of directors of its three public subsidiaries, Intier
Automotive Inc. (TSX: IAI.A; NASDAQ: IAIA), Decoma International Inc. (TSX:
DEC.A; NASDAQ: DECA) and Tesma International Inc. (TSX: TSM.A; NASDAQ: TSMA),
in each case, to acquire all the outstanding Class A Subordinate Voting Shares
of each subsidiary not owned by Magna. Each proposal, which would be
implemented by way of a court-approved plan of arrangement under Ontario law,
is independent and not conditional on completion of the other transactions.

Under the Intier proposal, shareholders of Intier would receive 0.3847 of a
Class A Subordinate Voting Share of Magna for each Class A Subordinate Voting
Share of Intier or, at the election of any shareholder, cash based on the
volume-weighted average trading price ("VWAP") of Magna's Class A Subordinate
Voting Shares over the five trading days ending on the last trading day
immediately preceding the effective date of the plan of arrangement. The
aggregate cash payable to all electing Intier shareholders in the proposed
transaction would be capped at Cdn. $125 million, representing approximately
half of the total consideration contemplated by the proposal based on the VWAP
of Magna's Class A Subordinate Voting Shares over the 20 trading days ended
October 22, 2004, being the last trading day prior to the making of the
proposals. If shareholders elect to receive cash in excess of Cdn. $125
million in the aggregate, the total cash available will be prorated among
those shareholders electing to receive cash and the balance of their
consideration will be satisfied in Magna Class A Subordinate Voting Shares.
Based on the VWAP of Magna's Class A Subordinate Voting Shares over the past
20 trading days, the consideration offered represents a premium of
approximately 36.5% over the VWAP of Intier's Class A Subordinate Voting
Shares over the same period.

Under the Decoma proposal, shareholders of Decoma would receive 0.1453 of a
Class A Subordinate Voting Share of Magna for each Class A Subordinate Voting
Share of Decoma or, at the election of any shareholder, cash based on the
volume-weighted average trading price ("VWAP") of Magna's Class A Subordinate
Voting Shares over the five trading days ending on the last trading day
immediately preceding the effective date of the plan of arrangement. The
aggregate cash payable to all electing Decoma shareholders in the proposed
transaction would be capped at Cdn. $150 million, representing approximately
half of the total consideration contemplated by the proposal based on the VWAP
of Magna's Class A Subordinate Voting Shares over the 20 trading days ended
October 22, 2004, being the last trading day prior to the making of the
proposals. If shareholders elect to receive cash in excess of Cdn. $150
million in the aggregate, the total cash available will be prorated among
those shareholders electing to receive cash and the balance of their
consideration will be satisfied in Magna Class A Subordinate Voting Shares.
Based on the VWAP of Magna's Class A Subordinate Voting Shares over the past
20 trading days, the consideration offered represents a premium of
approximately 26.3% over the VWAP of Decoma's Class A Subordinate Voting
Shares over the same period.

Under the Tesma proposal, shareholders of Tesma would receive 0.4388 of a
Class A Subordinate Voting Share of Magna for each Class A Subordinate Voting
Share of Tesma or, at the election of any shareholder, cash based on the
volume-weighted average trading price ("VWAP") of Magna's Class A Subordinate
Voting Shares over the five trading days ending on the last trading day
immediately preceding the effective date of the plan of arrangement. The
aggregate cash payable to all electing Tesma shareholders in the proposed
transaction would be capped at Cdn. $350 million, representing approximately
half of the total consideration contemplated by the proposal based on the VWAP
of Magna's Class A Subordinate Voting Shares over the 20 trading days ended
October 22, 2004, being the last trading day prior to the making of the
proposals. If shareholders elect to receive cash in excess of Cdn. $350
million in the aggregate, the total cash available will be prorated among
those shareholders electing to receive cash and the balance of their
consideration will be satisfied in Magna Class A Subordinate Voting Shares.
Based on the VWAP of Magna's Class A Subordinate Voting Shares over the past
20 trading days, the consideration offered represents a premium of
approximately 33.3% over the VWAP of Tesma's Class A Subordinate Voting Shares
over the same period.


<PAGE>


                                     -2-


Based on the VWAP of Magna's Class A Subordinate Voting Shares over the 20
trading days ended October 22, 2004, the total purchase price for the
outstanding Class A Subordinate Voting Shares of each subsidiary not owned by
Magna is approximately Cdn. $1.3 billion. The total purchase price would be
satisfied by the issuance of approximately 13.9 million Magna Class A
Subordinate Voting Shares, in the event shareholders of the subsidiaries
receive all stock, or approximately 7.1 million Magna Class A Subordinate
Voting Shares and Cdn. $625 million in cash, in the event shareholders of the
subsidiaries elect to receive the maximum amount of cash.

Each of the proposed transactions is proposed to be carried out by way of a
court-approved plan of arrangement under Ontario law and is subject to
applicable securities laws, including the Ontario rules that specifically
govern going-private transactions of this nature. In addition to court
approval, each transaction would require the approval of the shareholders of
each subsidiary, including by way of a majority of the votes cast by holders
other than Magna and its affiliates and other insiders.

Under the terms of the proposals and as required by Ontario law, the
respective boards of directors of Intier, Decoma and Tesma would each
establish an independent committee to consider the proposal from Magna. Each
independent committee would retain legal and financial advisors to assist it
and in particular would engage and supervise a financial advisor to prepare a
formal valuation of its Class A Subordinate Voting Shares. Proxy solicitation
materials would be prepared by each of Intier, Decoma and Tesma in connection
with the respective special meetings of shareholders to be called to consider
the plan of arrangement. The proxy materials for each meeting would disclose
the relevant formal valuation and would also contain whatever recommendation
the independent members of its board of directors deem appropriate following
the conclusion of their deliberations and taking into account the advice
received from their legal and financial advisors.

Magna currently owns an approximate (i) 86% equity interest in Intier as well
as approximately U.S. $218 million in convertible preferred shares and has the
right to cast approximately 99% of the votes attached to Intier's outstanding
shares, (ii) 74% equity interest in Decoma as well as approximately Cdn. $200
million in convertible preferred shares and has the right to cast
approximately 97% of the votes attached to Decoma's outstanding shares and
(iii) 44% equity interest in Tesma and has the right to cast approximately 89%
of the votes attached to Tesma's outstanding shares.

For further information, please contact Vincent J. Galifi, Magna's Executive
Vice-President and Chief Financial Officer, at 905-726-7100.

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Magna will hold a conference call for interested analysts and shareholders to
discuss the proposals this morning at 8:00 a.m. EDT. The conference call will
be co-chaired by Mark T. Hogan, Magna's President and Vincent J. Galifi,
Magna's Executive Vice-President and Chief Financial Officer.

The number to use for this call is 1-888-706-4263. The number for overseas
callers is 1-416-641-6702. Please call in 10 minutes prior to the call. Magna
will also webcast the conference call at www.magna.com. A slide presentation
accompanying the conference call will be on Magna's website prior to the call.
Both the webcast and the slide presentation can be found in the Investor
Relations section of Magna's website. For teleconferencing questions, please
call 905-726-7103.
------------------------------------------------------------------------------

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 219 manufacturing operations and
49 product development and engineering centres in 22 countries. For further
information on Magna, please visit www.magna.com.


<PAGE>


                                     - 3 -


This press release may contain statements that, to the extent that they are
not recitations of historical fact, constitute "forward-looking statements"
within the meaning of applicable securities legislation. Forward-looking
statements may include financial and other projections, as well as statements
regarding our future plans, objectives or economic performance, or the
assumptions underlying any of the foregoing. Any such forward-looking
statements are based on assumptions and analyses made by us in light of our
experience and our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe are
appropriate in the circumstances. However, whether actual results and
developments will conform with our expectations and predictions is subject to
a number of risks, assumptions and uncertainties. These risks, assumptions and
uncertainties principally relate to the risks associated with the automotive
industry. In addition, for a more detailed discussion, reference is made to
the risks, assumptions, uncertainties and other factors set out in our Annual
Information Form filed with the Canadian Securities Commissions and our annual
report on Form 40-F filed with the United States Securities and Exchange
Commission, and subsequent filings. In evaluating forward-looking statements,
readers should specifically consider the various factors which could cause
actual events or results to differ materially from those indicated by such
forward-looking statements. Unless otherwise required by applicable securities
laws, we do not intend, nor do we undertake any obligation, to update or
revise any forward-looking statements to reflect subsequent information,
events, results or circumstances or otherwise.

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