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<SEC-DOCUMENT>0000749098-08-000006.txt : 20081003
<SEC-HEADER>0000749098-08-000006.hdr.sgml : 20081003
<ACCEPTANCE-DATETIME>20081003095630
ACCESSION NUMBER:		0000749098-08-000006
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081003
FILED AS OF DATE:		20081003
DATE AS OF CHANGE:		20081003

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNA INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000749098
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11444
		FILM NUMBER:		081105446

	BUSINESS ADDRESS:	
		STREET 1:		337 MAGNA DRIVE
		STREET 2:		N/A
		CITY:			AURORA, ONTARIO, CAN
		STATE:			A6
		ZIP:			L4G 7K1
		BUSINESS PHONE:		9057262462

	MAIL ADDRESS:	
		STREET 1:		337 MAGNA DRIVE
		STREET 2:		N/A
		CITY:			AURORA, ONTARIO, CAN
		STATE:			A6
		ZIP:			L4G 7K1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>oct3_2008-6k.txt
<DESCRIPTION>FORM 6-K
<TEXT>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

For the month of   October 2008
Commission File Number    001-11444

MAGNA INTERNATIONAL INC.
(Exact Name of Registrant as specified in its Charter)

337 Magna Drive, Aurora, Ontario, Canada L4G 7K1
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
          Form 20-F [ ]         Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): _______

Note:  Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______

Note:  Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the juris-
diction in which the registrant is incorporated, domiciled or legally organized
(the registrant's "home country"), or under the rules of the home country
exchange on which the registrant's securities are traded, as long as the report
or other document is not a press release, is not required to be and has not
been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

Indicate by check mark whether the registrant, by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
               Yes [ ]               No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_______

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date:   October 3, 2008
MAGNA INTERNATIONAL INC.
(Registrant)


By:  _____/s/ Bassem A. Shakeel_______
       Bassem A.Shakeel, Secretary

EXHIBITS

Exhibit 99

Press release issued October 3, 2008, in which the Registrant announced
that Russian Machines' Participation in Arrangements with the Stronach
Trust has Terminated.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>oct3_2008-ex99pressrelease.txt
<DESCRIPTION>PRESS RELEASE RE RUSSIAN MACHINES
<TEXT>
Exhibit 99

Magna International Inc.
337 Magna Drive
Aurora, ON, Canada L4G 7K1
Tel:  (905) 726-2462
Fax:  (905) 726-4164

Magna Announces that Russian Machines' participation in arrangements with the
Stronach Trust has terminated

    AURORA, ON, Oct. 3, 2008 - Magna International Inc. (TSX: MG.A, NYSE:
MGA) announced that it has been advised that the lender to a wholly-owned
subsidiary of OJSC Russian Machines ("Russian Machines") has realized against
the 20 million Magna Class A Subordinate Voting Shares pledged as security for
the financing obtained by Russian Machines for its September 20, 2007
investment in Magna. Accordingly, Russian Machines' participation in the
arrangements entered into with the Stronach Trust in connection with this
investment has terminated.

    <<
    As a result of the termination of these arrangements, among other things:

    -   up to 20 million Magna Class A Subordinate Voting Shares will be
        disposed of at the direction of Russian Machines' lender;

    -   Russian Machines will cease to be an indirect shareholder of M Unicar
        Inc., the holding company formed to hold the Magna shares of the
        Stronach Trust, Russian Machines and certain members of Magna's
        management;

    -   M Unicar Inc. will continue to be indirectly controlled by the
        Stronach Trust, and following the sale of the 20 million Magna
        Class A Subordinate Voting Shares, will continue to own all of the
        outstanding 726,829 Magna Class B Shares, as well as 605,000 Magna
        Class A Subordinate Voting Shares, representing approximately 66% of
        all votes attributable to both classes of shares; and

    -   Russian Machines will cease to be an indirect shareholder in the
        European company through which Frank Stronach provides consulting
        services in relation to Magna's business outside Canada and Austria.
    >>

    "Our strategic alliance with Russian Machines has assisted us in
accelerating our growth in the Russian market," said Siegfried Wolf, Magna's
Co-Chief Executive Officer. "We have a good working relationship with
Oleg Deripaska and the Basic Element group, including Russian Machines and its
controlled subsidiary, GAZ Group, Russia's second largest automotive company.
We believe that the Russian market still holds significant opportunities for
us and intend to continue to pursue joint opportunities with Russian Machines
and GAZ, as well as other opportunities to advance our position in Russia."

    We are the most diversified global automotive supplier. We design,
develop and manufacture technologically advanced systems, assemblies, modules
and components, and engineer and assemble complete vehicles, primarily for
sale to original equipment manufacturers ("OEMs") of cars and light trucks.
Our capabilities include the design, engineering, testing and manufacture of
automotive interior systems; seating systems; closure systems; body and
chassis systems; vision systems; electronic systems; exterior systems;
powertrain systems; roof systems; as well as complete vehicle engineering and
assembly.

    We have approximately 82,000 employees in 241 manufacturing operations
and 62 product development and engineering centres in 23 countries.

    <<
    FORWARD-LOOKING STATEMENTS
    --------------------------
    >>

    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. We use words
such as "may", "would", "could", "will", "likely", "expect", "anticipate",
"believe", "intend", "plan", "forecast", "project", "estimate" and similar
expressions to identify forward-looking statements. 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 include, without limitation, to the impact of: shifting OEM
market shares; declining production volumes and changes in consumer demand for
vehicles; a reduction in the production volumes of certain vehicles, such as
certain light trucks; the termination or non-renewal by our customers of any
material contracts; our ability to offset increases in the cost of
commodities, such as steel and resins, as well as energy prices; fluctuations
in relative currency values; our ability to offset price concessions demanded
by our customers; our dependence on outsourcing by our customers; our ability
to compete with suppliers with operations in low cost countries; changes in
our mix of earnings between jurisdictions with lower tax rates and those with
higher tax rates, as well as our ability to fully benefit tax losses; other
potential tax exposures; the financial distress of some of our suppliers and
customers; the inability of our customers to meet their financial obligations
to us; our ability to fully recover pre-production expenses; warranty and
recall costs; product liability claims in excess of our insurance coverage;
expenses related to the restructuring and rationalization of some of our
operations; impairment charges; our ability to successfully identify, complete
and integrate acquisitions; risks associated with program launches; legal
claims against us; risks of conducting business in foreign countries,
including Russia; the risk that the growth prospects expected to be realized
in Russia and other markets may not be fully realized, may take longer to
realize than expected or may not be realized at all; work stoppages and labour
relations disputes; changes in laws and governmental regulations; costs
associated with compliance with environmental laws and regulations; potential
conflicts of interest involving our indirect controlling shareholder, the
Stronach Trust; and other factors set out in our Annual Information Form filed
with securities commissions in Canada 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.



For further information: about this press release, please contact Vince
Galifi, Executive Vice President and Chief Financial Officer of Magna at (905)
726-7103

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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