EX-99 2 a12-17854_3ex99.htm EX-99

Exhibit 99

 

Magna International Inc.

337 Magna Drive

Aurora, Ontario L4G 7K1

Tel (905) 726-2462

 

Fax (905) 726-7164

 

CORRECTION NOTICE TO SECOND QUARTER AND YEAR TO DATE RESULTS PRESS RELEASE REGARDING “COMPLETE VEHICLE ASSEMBLY” SALES

 

August 10, 2012, Aurora, Ontario, Canada……Magna International Inc. (TSX: MG; NYSE: MGA) Please note the correction below to our press release titled “Magna Announces Second Quarter and Year to Date Results” which was distributed on Thursday, August 9, 2012.  We apologize for any inconvenience.

 

The corrected amount (originally disclosed as $615) is underlined and in red in the table below.

 

Management’s Discussion and Analysis of Results of Operations and Financial Position

 

RESULTS OF OPERATIONS – FOR THE THREE MONTHS ENDED JUNE 30, 2012

 

Sales

 

 

 

For the three months
ended June 30,

 

 

 

 

 

2012

 

2011

 

Change

 

 

 

 

 

 

 

 

 

 

Vehicle Production Volumes (millions of units)

 

 

 

 

 

 

 

 

North America

 

3.985

 

3.103

 

+

28

%

Western Europe

 

3.307

 

3.548

 

-

7

%

 

 

 

 

 

 

 

 

 

Sales

 

 

 

 

 

 

 

 

External Production

 

 

 

 

 

 

 

 

North America

 

$

3,907

 

$

3,533

 

+

11

%

Europe

 

2,249

 

2,258

 

 

 

Rest of World

 

415

 

335

 

+

24

%

Complete Vehicle Assembly

 

645

 

728

 

-

11

%

Tooling, Engineering and Other

 

511

 

484

 

+

6

%

Total Sales

 

$

7,727

 

$

7,338

 

+

5

%

 

ABOUT MAGNA

 

We are a leading global automotive supplier with 296 manufacturing operations and 88 product development, engineering and sales centres in 26 countries. Our 115,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

 

For further information, please contact Louis Tonelli, Vice-President, Investor Relations at 905-726-7035.