<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>press.txt
<DESCRIPTION>JOINT PRESS RELEASE DATED FEBRUARY 1, 2005
<TEXT>
                                                   Exhibit 99
MAGNA LOGO                                Magna International Inc.
                                          337 Magna Drive
                                          Aurora, Ontario L4G 7K1
                                          Tel   (905) 726-2462
                                          Fax   (905) 726-7164

TESMA LOGO                                TESMA INTERNATIONAL INC.
                                          1000 Tesma Way
                                          Concord, Ontario L4K 5R8
                                          Tel   (905) 417-2100
                                          Fax   (905) 417-2101

                                JOINT PRESS RELEASE
                   TESMA SHAREHOLDERS APPROVE PRIVATIZATION


February 1, 2005, Aurora, Ontario, Canada --  Magna International Inc.
TSX: MG.SV.A, MG.MV.B, NYSE: MGA) ("Magna") and Tesma International Inc.
TSX: TSM.SV.A; NASDAQ: TSMA) ("Tesma") today jointly announced that
Tesma's shareholders have approved the previously announced plan of
arrangement under Ontario law, by which Magna will acquire all of the
outstanding Class A Subordinate Voting Shares of Tesma not owned by
Magna. The arrangement was approved by over 71% of the votes cast by
holders of Tesma Class A Subordinate Voting Shares, voting separately
as a class. The arrangement was also approved by over 60% of
the votes cast by the "minority" holders of Tesma Class A Subordinate Voting
Shares. Votes cast by Magna, and parties related to Magna, were excluded for
the purposes of the "majority of the minority" approval requirement. The
privatization transaction is expected to become effective on February 6, 2005,
subject to obtaining final court approval.

Tesma, a global supplier of highly-engineered engine, transmission and
fuel system components, modules and systems for the automotive industry,
employs over 5,800 skilled and motivated people in 28 manufacturing facilities
in North and South America, Europe and Asia, and five focused tooling, design
and R&D centres supporting its three principal product technology groups:
Tesma Engine Technologies; Tesma Transmission Technologies; and Tesma Fuel
Technologies.

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.


For further information regarding this press release, please contact at Magna:
Vincent J. Galifi, Executive Vice-President and Chief Financial Officer, at
(905) 726-7100; and at Tesma: Anthony E. Dobranowski, Vice Chairman and Chief
Financial Officer, at (905) 417-2155.  Alternatively, please forward e-mail
requests to: investorrelations@tesma.com, or visit Tesma's website at
www.tesma.com



</TEXT>
</DOCUMENT>
