<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>press.txt
<DESCRIPTION>PRESS RELEASE DATED MARCH 7, 2005
<TEXT>
                                                            EXHIBIT 99.1
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
                      DECOMA PRIVATIZATION COMPLETED

March 7, 2005, Aurora, Ontario, Canada --- 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 Magna's privatization of
Decoma by way of a plan of arrangement under Ontario law, which received
shareholder approval on February 28, 2005 and final court approval on March 2,
2005, became effective at 12:01 a.m. on March 6, 2005. As a result, Decoma
amalgamated with Magna. In consideration for Magna's acquisition of all of the
issued and outstanding Class A Subordinate Voting shares of Decoma not already
owned by it, Magna will issue 2,854,400 Class A Subordinate Voting shares in
exchange for Decoma Class A Subordinate Voting shares and pay approximately
Cdn.$37,175,800 to Decoma shareholders who made cash elections and for
fractional shares. For purposes of the cash elections, the volume-weighted
average trading price of Magna's Class A Subordinate Voting shares on the
Toronto Stock Exchange ("TSX") over the five trading days ended March 4, 2005
was Cdn.$88.2856 per share, resulting in a payment of Cdn.$12.8279 per share
for Decoma shareholders who made cash elections. Otherwise, Decoma
shareholders will receive 0.1453 of a Magna Class A Subordinate Voting Share
for each Decoma Class A Subordinate Voting share under the arrangement.

    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, 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 54 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
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 Decoma: S. Randall Smallbone, Executive
Vice-President, Finance and Chief Financial Officer at (905) 669-2888.

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