<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>magnadecomapress.txt
<DESCRIPTION>JOINT PRESS RELEASE DATED JANUARY 13, 2005
<TEXT>
                                                   Exhibit 99.2
MAGNA LOGO                                Magna International Inc.
                                          337 Magna Drive
                                          Aurora, Ontario L4G 7K1
                                          Tel   (905) 726-2462
                                          Fax   (905) 726-7164

DECOMA LOGO                               Decoma International Inc.
                                          50 Casmir Court
                                          Concord, Ontario
                                          Canada L4K 4J5
                                          tel: 905-669-2888
                                          fax: 905-669-5075

                       JOINT PRESS RELEASE

              MAGNA AND DECOMA ANNOUNCE AGREEMENT FOR
         PRIVATIZATION OF DECOMA AND INCREASED LOSSES FOR
                       DECOMA IN EUROPE

Concord, Ontario, January 13, 2005...Magna International Inc. (TSX:MG.SV.A,
MG.MV.B; NYSE:MGA) ("Magna") and Decoma International Inc. (TSX:DEC.SV.A;
NASDAQ:DECA) ("Decoma") today jointly announced that they have entered into a
definitive arrangement agreement by which Magna would acquire all the
outstanding Class A Subordinate Voting Shares of Decoma not owned by Magna, to
be carried out by way of a court-approved plan of arrangement under Ontario
law. This proposal by Magna to privatize Decoma was previously announced on
October 25, 2004.

Under the terms of the arrangement agreement, shareholders of Decoma will
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 of
Decoma, cash based on the volume-weighted average trading price of Magna's
Class A Subordinate Voting Shares on the Toronto Stock Exchange 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 will be capped at Cdn$150 million. If
shareholders of Decoma 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.

The Decoma Board of Directors approved the arrangement agreement
following the report and favourable recommendation of its Special Committee of
independent directors established to review and consider the arrangement. In
doing so, the Decoma Board determined that the arrangement is in the best
interests of Decoma and its shareholders, and authorized the submission of the
arrangement to holders of Decoma Class A Subordinate Voting Shares for their
approval as required under applicable law. Scotia Capital Inc. ("Scotia"), the
independent valuator and financial adviser to the Special Committee, concluded
that, as at the close of markets on January 12, 2005, the consideration being
offered to holders of Decoma Class A Subordinate Voting Shares under the
arrangement is fair, from a financial point of view, to the minority holders
of Decoma Class A Subordinate Voting Shares. A copy of the Scotia valuation
and fairness opinion, the factors considered by the Special Committee and
Decoma's Board and other relevant background information will be included in
the management information circular/proxy statement that will be sent to
holders of Decoma Class A Subordinate Voting Shares in connection with the
special meeting to be called to consider the arrangement.

Decoma has set a record date of January 25, 2005 for shareholders
entitled to receive notice of the special meeting. Subject to court approval,
Decoma expects to hold the special meeting on February 24, 2005 in Toronto and
expects that the arrangement, if approved, will become effective on March 6,
2005. The arrangement will require approval of two-thirds of the votes cast by
holders of Decoma Class A Subordinate Voting Shares and Decoma Class B Shares,
with each class voting separately. The arrangement also requires the approval
of a simple majority of the votes cast by the minority holder of Decoma Class
A Subordinate Voting Shares. Magna, and parties related to Magna, including
its directors and senior officers, may not vote their Decoma Class A
Subordinate Voting Shares for the purposes of this "majority of the minority"
approval requirement.

Decoma also announced today it has experienced higher than anticipated
fourth quarter 2004 operating losses at certain of its European facilities.

Decoma had previously disclosed performance issues and operating losses
it was experiencing at its Prometall, Decotrim and Belplas European
facilities. Although financial results for the fourth quarter of 2004 have yet
to be finalized, Decoma's preliminary assessments indicate that these
facilities incurred aggregate operating losses (before the previously
announced write downs at Prometall and Decotrim), of between US$32 and
36 million in the fourth quarter of 2004. Losses from these facilities in the
third quarter of 2004 were approximately US$17 million.

The increased losses arose primarily at its Belplas facility where launch
issues related to various fascia programs and high scrap rates negatively
impacted the facility's performance to a degree higher than previously
anticipated. To a lesser extent, the Decotrim and Prometall facilities have
also performed below prior expectations. Remedial actions are ongoing at each
of these facilities. Further information regarding these matters will be
provided in the Decoma's 2004 financial statements and Management's Discussion
and Analysis of Results of Operations and Financial Position for the period.

In connection with the losses described above, Magna also announced today
that Decoma's fourth quarter operating losses are expected to negatively
impact Magna's diluted earnings per share for the fourth quarter of 2004 by
between US$0.19 and US$0.21.

Decoma designs, engineers and manufactures automotive exterior components
and systems which include fascias (bumpers), front and rear end modules,
liftgates and running boards, plastic body panels, roof modules, exterior trim
components, sealing and greenhouse systems and lighting components for cars
and light trucks (including sport utility vehicles and mini-vans). Decoma has
approximately 16,000 employees in 52 manufacturing, engineering and product
development facilities in Canada, the United States, Mexico, Germany, Belgium,
England, France, Austria, Poland, the Czech Republic and Japan.

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. Magna's 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.

This press release may contain "forward looking statements" within the
meaning of applicable securities legislation. Such statements involve certain
risks, assumptions, uncertainties and other factors which may cause actual
future results or anticipated events to differ materially from those expressed
or implied in any forward-looking statements. In the case of both Magna and
Decoma, these factors principally relate to the risks associated with the
automotive industry and include the risks, assumptions, uncertainties and
other factors listed in Item 3 "Description of Business - Risk Factors" in
Magna's Annual Information Form attached as Exhibit 1 to Magna's Annual Report
on Form 40-F for the year ended December 31, 2003, and other factors listed in
Decoma's Annual Information Form attached as Exhibit 1 to Decoma's Annual
Report on Form 40-F for the year ended December 31, 2003, each filed with the
Ontario Securities Commission and the United States Securities and Exchange
Commission. Unless otherwise required by applicable securities laws, Magna and
Decoma do not intend, nor do Magna and Decoma undertake any obligation, to
update or revise any forward-looking statements to reflect subsequent
information, events, results, circumstances or otherwise.

For further information: about this press release, please contact
Vincent J. Galifi, Executive Vice-President and Chief Financial Officer of
Magna at (905) 726-7100, and S. Randall Smallbone, Executive Vice-President,
Finance and Chief Financial Officer of Decoma at (905) 669-2888.

For further  information about Magna, please visit the Company's website at
www.magna.com. For further information about Decoma, please visit the Company's
website at www.decoma.com.


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