<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>jan12-2011_exhibit99.txt
<DESCRIPTION>PRESS RELEASE RE 2011 OUTLOOK
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Exhibit 99

MAGNA INTERNATIONAL INC.
337 Magna Drive
Aurora, ON, Canada L4G 7K1
Tel:  905-726-2462
Fax:  905-726-7164

MAGNA ANNOUNCES OUTLOOK AND OTHER MATTERS

AURORA, ON, January 12, 2011  - Magna International Inc. (TSX: MG, NYSE: MGA)
today announced its financial outlook for 2011. All amounts are in U.S.
dollars.

Don Walker, Magna's Chief Executive Officer commented: "As 2011 begins, vehicle
production is poised for future growth in a number of important markets for us,
including North America.  Accordingly, our outlook reflects significant sales
growth, including expansion in high-growth markets in the next few years.
We also have the balance sheet, cash flow generation, engineering and
manufacturing footprints, technologies and motivated workforce to support
our growth initiatives around the world.  These factors combined leave us
confident about Magna's future."

For the full year 2011, we expect consolidated total sales to be between $25.6
billion and $27.1 billion, and expect consolidated production sales to be
between $21.7 billion and $22.7 billion, based on full year 2011 light vehicle
production volumes of approximately 12.9 million units in North America and
approximately 13.3 million units in western Europe.  We expect full year 2011
production sales to be between $12.7 billion and $13.2 billion in North
America, between $7.8 billion and $8.1 billion in Europe and between $1.2
billion and $1.4 billion in Rest of World.  We expect full year 2011 complete
vehicle assembly sales to be between $2.4 billion and $2.7 billion. We expect
our 2011 effective income tax rate to be approximately 20%.

In addition, we expect that our full year 2011 spending for fixed assets will
be between $900 million and $1.0 billion.  This amount reflects continuing
investment to support new and replacement business in our traditional markets
as well as investment to expan d in a number of high-growth markets.

Finally, in addition to our 2011 sales outlook above, we expect a net increase
in total production sales over the two-year period from 2011 to 2013 of
approximately $3 billion, based on assumed full year 2013 light vehicle
production volumes of approximately 14.8 million units in North America
and approximately 14.1 million units in western Europe.  We expect the net
increase in total production sales to be split approximately equally among
our North America, Europe and Rest of World segments.

In this 2011 outlook, in addition to 2011 and 2013 light vehicle production,
we have assumed no material acquisitions or divestitures.  In addition, we
have assumed that foreign exchange rantes for the most common currencies in
which we conduct business relative to our U.S. dollar reporting currency
will approximate year end 2010 rates.

GOVERNANCE
In connection with an ongoing review of our system of corporate governance
following the elimination of our dual class share structure effective
August 31, 2010, our Board today approved the adoption of a majority voting
policy which will take effect commencing in respect of our 2012 annual meeting.

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 over 92,000 employees in 248 manufacturing operations and 81 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 relating to Magna's: forecast
of light vehicle production in North America and Western Europe; expected
consolidated sales, based on such light vehicle production volumes;
production sales in its North America, Europe and Rest of World segments;
complete vehicle assembly sales; fixed asset expenditures; and average
income tax rate. The forward-looking information in this Press Release is
presented for the purpose of providing information about Magna's current
expectations, plans and 2011-2013 outlook, 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
imitation, risks, assumptions and uncertainties related to: the potential
for a slower than anticipated economic recovery or a deterioration of
economic conditions; production volumes and sales levels which are below
forecast levels; our dependence on outsourcing by our customers; the
termination or non renewal by our customers of any material contracts;
our ability to identify and successfully exploit shifts in technology;
our ability to successfully grow our sales to non-traditional customers;
unfavourable product or customer mix; risks of conducting business in
foreign countries, including China, India, Brazil, Russia and other
developing markets; our ability to quickly shift our manufacturing
footprint to take advantage of lower cost manufacturing opportunities;
disruptions in the capital and credit markets; fluctuations in relative
currency values; our ability to successfully identify, complete and
integrate acquisitions; the highly competitive nature of the automotive
parts supply business; 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;
changes in laws and governmental regulations; 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 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:
Please contact Vince 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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