<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>aug17-2010_exhibit99.txt
<DESCRIPTION>PRESS RELEASE ANNOUNCING COURT APPROVAL
<TEXT>
Exhibit 99

MAGNA INTERNATIONAL INC.
337 Magna Drive
Aurora, ON, Canada L4G 7K1
Tel: (905) 726-2562
Fax: (905) 726-7164

Magna plan of arrangement approved

AURORA, ON, Aug. 17, 2010 - Magna International Inc. (TSX: MG.A, NYSE: MGA)
today announced that the Ontario Superior Court has approved the previously
announced plan of arrangement to eliminate Magna's dual class share structure.
The decision of the Ontario Superior Court followed a hearing held on August
12 and 13, 2010. The Superior Court found that the arrangement is fair and
reasonable.

"Today's decision by the Superior Court affirms our position that the claims
of the dissident minority shareholders are without merit" said Vincent J.
Galifi, Executive Vice President and Chief Financial Officer of Magna. "We
believe that our shareholders, who by a large majority voted to support the
proposed transaction, will be very pleased that the Court respected and upheld
their vote."

It is unknown whether certain dissident minority shareholders of Magna intend
to appeal the decision. Ordinarily, an appeal must be filed with the Ontario
Superior Court within 30 days of the court decision.

About Magna
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; hybrid and electric vehicles/systems as
well as complete vehicle engineering and assembly.

We have approximately 76,000 employees in 242 manufacturing operations and 76
product development, engineering and sales centres in 25 countries.

FORWARD-LOOKING STATEMENTS
--------------------------
This Press Release contains statements that constitute "forward-looking
statements" within the meaning of applicable securities legislation,
including, but not limited to, statements about our intentions with respect
to an appeal of the Ontario Superior Court's decision regarding the fairness
and reasonableness of the proposed arrangement. The forward-looking
information in this Press Release is presented for the purpose of providing
information about Magna's current expectations relating to the proposed
arrangement and such information may not be appropriate for other purposes.
Forward-looking statements may also include statements regarding our future
plans, objectives or economic performance, or the assumptions underlying
any of the foregoing, and other statements that are not recitations of
historical fact. We use words such as "may", "would", "could", "should",
"will", "likely", "expect", "anticipate", "believe", "intend", "plan",
"forecast", "outlook", "project", "estimate" and similar expressions
suggesting future outcomes or events to identify forward-looking statements.
Any such forward-looking statements are based on information currently
available to us, and 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,
many of which are beyond our control, and the effects of which can be
difficult to predict, including, without limitation, risks, assumptions
and uncertainties related to the consummation of the proposed arrangement,
including, the outcome of any appeal(s) of the decision of the Ontario
Superior Court, the satisfaction or waiver of the conditions to complete
the transactions contemplated by the Arrangement, and the termination of
the transaction agreements; future growth prospects for electric vehicles;
the market value and trading price of the Class A Subordinate Voting
Shares; and other factors set out in our management information circular/
proxy statement dated May 31, 2010, 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 any forward-looking statements in this
Press Release, we caution readers not to place undue reliance on any
forward-looking statements. Readers should specifically consider the
various factors which could cause actual events or results to differ
materially from those indicated by our 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 contained in this Press Release to reflect subsequent
information, events, results or circumstances or otherwise.

For further information: Vincent J. Galifi, Executive Vice-President and
Chief Financial Officer at 905-726-7100 or Louis Tonelli, Vice-President,
Investor Relations at 905-726-7035

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