<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>press.txt
<DESCRIPTION>PRESS RELEASE DATED JANUARY 12, 2006
<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 OUTLOOK

January 12, 2006, Aurora, Ontario, Canada...Magna International Inc. (TSX:
MG.SV.A, MG.MV.B; NYSE: MGA) announced today its financial outlook for 2006
and an updated outlook for 2007 average dollar content per vehicle. All amounts
are in U.S. dollars.

    2006 OUTLOOK
    ------------

    For the full year 2006, we expect sales to be between $22.0 billion and
$23.3 billion, based on full year 2006 light vehicle production volumes of
approximately 15.8 million units in North America and approximately
15.8 million units in Europe. Full year 2006 average dollar content per
vehicle(1) is expected to be between $750 and $780 in North America and
between $300 and $325 in Europe. We expect full year 2006 European complete
vehicle assembly sales to be between $3.3 billion and $3.6 billion. We expect
our full year 2006 operating margin, excluding unusual items(2), to be
approximately 5%. We expect our full year 2006 income tax rate, excluding
unusual items(2), to be between 31% and 32%. We expect earnings growth in full
year 2006 compared to 2005, excluding unusual items(2) from both years.
    In addition, we expect that full year 2006 spending for fixed assets will
be in the range of $850 million to $900 million.

    UPDATED 2007 AVERAGE DOLLAR CONTENT PER VEHICLE OUTLOOK
    -------------------------------------------------------

    Based on recently prepared business plans, we are revising our previous
outlook for 2007 average dollar content per vehicle which was provided on
January 12, 2005. Expectations of average dollar content per vehicle for 2007
at that time were between $835 and $880(1) in North America and between $332
and $372(1) in Europe. We now expect 2007 North American average dollar
content per vehicle to be between $805 and $840. We also expect 2007 European
average dollar content per vehicle to be between $315 and $355.

        (1) Previously, production sales generated in markets outside of
            North America (including Mexico) and Europe were included in
            either North American or European average dollar content per
            vehicle. Such sales are now classified as Rest of World
            Production Sales. Our outlook for 2005 average dollar content per
            vehicle, as disclosed on November 8, 2005, was between $730 and
            $740 in North America, which included approximately $7 associated
            with Rest of World Production Sales, and between $320 and $330 in
            Europe, which included approximately $3 associated with Rest of
            World Production Sales. Our previous outlook for 2007 average
            dollar content per vehicle, as disclosed on January 12, 2005, was
            between $855 and $900 in North America, which included
            approximately $20 associated with Rest of World Production Sales,
            and between $335 and $375 in Europe, which included approximately
            $3 associated with Rest of World Production Sales.

        (2) Unusual items for 2005 include charges associated with
            rationalization and restructuring activities, (including
            restructuring charges arising from the privatization of our
            former public subsidiaries during 2005), charges associated with
            operations that supplied MG Rover, and certain non-recurring
            gains. Unusual items for 2006 are expected to include charges
            associated with rationalization and restructuring activities
            commenced in 2005.

    We are the most diversified automotive supplier in the world. We design,
develop and manufacture automotive systems, assemblies, modules and
components, and engineer and assemble complete vehicles, primarily for sale to
original equipment manufacturers of cars and light trucks in North America,
Europe, Asia and South America. Our capabilities include the design,
engineering, testing and manufacture of automotive interior and closure
systems; metal body and structural systems; exterior and interior mirror and
engineered glass systems; exterior systems including front and rear end
modules, plastic body panels, exterior trim and other systems; various
powertrain and drivetrain systems; as well as complete vehicle engineering and
assembly.
    We have over 82,000 employees in 222 manufacturing operations and 58
product development and engineering centres in 22 countries.

    -------------------------------------------------------------------------
    Magna will present its 2006 outlook at the Auto Analysts of New York
    (AANY) Detroit Auto Conference, held in conjunction with the Detroit Auto
    Show, this morning at 7:45 am EST. Magna's presentation will be available
    on our website at www.magna.com. Magna will also webcast the actual
    presentation at www.magna.com. Magna's presentation will be made by
    Mark T. Hogan, President and Vincent J. Galifi, Executive Vice President
    and Chief Financial Officer.

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

    This press release contains 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 and include those items listed in the Management's Discussion and
Analysis of Results of Operations and Financial Position included with our
press release dated November 8, 2005. 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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