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<TYPE>EX-99
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<FILENAME>jan11-2012_exhibit99.txt
<DESCRIPTION>PRESS RELEASE ANNOUNCING OUTLOOK
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EXHIBIT 99

Magna International Inc.

337 Magna Drive
Aurora, Ontario
Canada L4G 7K1
Tel: 905-726-2462
Fax: 905-726-7164
www.magna.com

PRESS RELEASE

MAGNA ANNOUNCES OUTLOOK

January 11, 2012, Aurora, Ontario, Canada. Magna International Inc. (TSX: MG,
NYSE: MGA) today announced its financial outlook for 2012.  All amounts are
in U.S. dollars.

Don Walker, Magna's Chief Executive Officer commented: "Our outlook
demonstrates the traction we are  gaining in executing our plan to expand our
business outsideof our traditional markets.  We are taking advantage of the
growth opportunities in new markets and positioning Magna to further serve
our customers on global platforms.  The combination of our strong position
in North America, action plans that are improving results in Europe, and our
considerable growth in other regions leaves us confident about Magna's future."

For the full year 2012, we expect consolidated total sales to be between
$27.8 billion and $29.3 billion, and expect consolidated production sales
to be between $23.6 billion and $24.7 billion, based on full year 2012 light
vehicle production volumes of approximately 13.6 million units in North
America and approximately 13.0 million units in Western Europe.  We expect
full year 2012 production sales to be between $13.2 billion and $13.7 billion
in North America, between $8.4 billion and $8.7 billion in Europe and between
$2.0 billion and $2.3 billion in Rest of World.  We expect full year 2012
complete vehicle assembly sales to be between $2.3 billion and $2.6 billion.
We expect our 2012 operating margins to be approximately 5% and our effective
income tax rate to be approximately 26%, in both cases, excluding other
expense/income (unusual items).

In addition, we expect that our full year 2012 spending for fixed assets
will be between $1.3 billion and $1.5 billion.  This amount reflects
investment to expand in a number of high-growth markets as well as
continuing investment to support new and replacement business in our
traditional markets.

Finally, in addition to our 2012 sales outlook above, we expect a net
increase in total production sales over the two-year period from 2012
to 2014 of approximately $3.2 billion, based on assumed full year 2014
light vehicle production volumes of approximately 15.4 million units in
North America and approximately 14.2 million units in Western Europe.
We expect the net increase in total production sales to be split
approximately as follows by segment: 50% in North America, 15% in Europe
and 35% in Rest of World.

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

CONTACT
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.

ABOUT MAGNA
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. 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.

Magna has over 107,000 employees in 286 manufacturing operations and 88
product development, engineering and sales centres in 25 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,
including, but not limited to, Magna's: forecasts 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; consolidated operating margins; effective income
tax rate; fixed asset expenditures; implementation of action plans and
operating results improvement in Europe; and future expansion in high-
growth regions . 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", "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 to 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. These risks, assumptions and uncertainties include, without
limitation, the impact of: the potential for a slower than anticipated
economic growth or a deterioration of economic conditions; potential
disruptions in the capital and credit markets; uncertainty with
respect to the financial condition of a number of governments,
particularly in Europe; production volume levels; the impact of the
insolvency or bankruptcy of a critical supplier; the highly
competitive nature of the automotive parts supply business; a
reduction in outsourcing by our customers or the loss of a material
production or assembly program; the termination or non-renewal by
our customers of any material production purchase order; the
inability of sub-suppliers to timely accommodate demand for their
parts; a shift away from technologies in which we are investing;
restructuring, downsizing and/or other significant non-recurring
costs; impairment charges related to goodwill, long-lived assets
and deferred tax assets; our ability to diversify our sales; shifts
in market shares among vehicles or vehicle segments, or shifts away
from vehicles on which we have significant content; our ability to
shift our manufacturing footprint to take advantage of opportunities
in growing markets; risks of conducting business in foreign countries,
including China, India, Brazil, Russia and other growing markets;
exposure to elevated commodities prices; fluctuations in relative
currency values; our ability to successfully identify, complete and
integrate acquisitions; pricing pressures, including our ability to
offset price concessions demanded by our customers; warranty and
recall costs; our ability to compete successfully in non-automotive
businesses in which we pursue opportunities; 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; legal claims and/or regulatory actions
against us; work stoppages and labour relations disputes; changes in
credit ratings assigned to us; changes in laws and governmental
regulations; costs associated with compliance with environmental laws
and regulations; the potential bankruptcy of a major automotive
customer; our non-controlling interest in Magna E-Car Systems; our
ability to recover our initial or any potential subsequent
investment(s) in Magna E-Car Systems; risks related to the electric
vehicle industry itself; 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, we caution readers not to
place undue reliance on any forward-looking statements and 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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