<SEC-DOCUMENT>0001171843-19-000284.txt : 20190115
<SEC-HEADER>0001171843-19-000284.hdr.sgml : 20190115
<ACCEPTANCE-DATETIME>20190115121416
ACCESSION NUMBER:		0001171843-19-000284
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190115
FILED AS OF DATE:		20190115
DATE AS OF CHANGE:		20190115

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:		19526652

	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
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<TYPE>6-K
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<FILENAME>f6k_011519.htm
<DESCRIPTION>FORM 6-K
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<p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br ><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br ><strong>Washington, D.C. 20549</strong></p>

<p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p>

<p style="text-align: center;"><strong></strong></p>

<p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p>

<p style="text-align: center;"><strong></strong><strong>For the month of January 2019</strong></p>

<p style="text-align: center;">Commission File Number: <strong>001-11444</strong></p>

<p style="text-align: center;"><font style="font-size: 12pt;"><strong>MAGNA INTERNATIONAL INC.</strong></font><br >(Translation of registrant's name into English)</p>

<p style="text-align: center;"><strong>337 Magna Drive,&#160;Aurora,&#160;Ontario,&#160;CANADA &#160;L4G 7K1&#160;</strong><br >(Address of principal executive office)</p></div>

<p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br >Form 20-F [&#160;&#160; ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;X ]</p>

<p>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): &#160;</p>

<p><strong>Note:&#160;</strong>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.</p>

<p>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): &#160;</p>

<p><strong>Note:&#160;</strong>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 jurisdiction 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.&#160;</p>

<p>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 [&#160; ] No [x]</p>

<p>If &ldquo;Yes&rdquo; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-</p><hr style="page-break-after: always;" noshade="noshade" >

<p style="text-align: center;"><strong>SIGNATURES</strong></p>

<p>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.</p>

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    <td width="47%"><strong>MAGNA INTERNATIONAL INC.</strong></td></tr>
<tr valign="top">
    <td width="47%">&#160;</td>
    <td width="6%">&#160;</td>
    <td width="47%">(Registrant)</td></tr>
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    <td width="47%">&#160;</td>
    <td width="6%">&#160;</td>
    <td align="center" width="47%">&#160;</td></tr>
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    <td width="47%">&#160;</td>
    <td width="6%">&#160;</td>
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<tr valign="top">
    <td width="47%">Date: January 15, 2019</td>
    <td width="6%">&#160;</td>
    <td width="47%">By: <u><em>/s/ "Bassem Shakeel"&#160;&#160;&#160;&#160;</em></u></td></tr>
<tr valign="top">
    <td width="47%">&#160;</td>
    <td width="6%">&#160;</td>
    <td width="47%">&#160; &#160; &#160; &#160;Bassem A. Shakeel<!--"Bassem Shakeel"--></td></tr>
<tr valign="top">
    <td width="47%">&#160;</td>
    <td width="6%">&#160;</td>
    <td width="47%">&#160; &#160; &#160; &#160;Vice-President and Corporate Secretary</td></tr>
<tr valign="top">
    <td width="47%">&#160;</td>
    <td width="6%">&#160;</td>
    <td align="center" width="47%"></td></tr>
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<p>
 <p><font style="font-size:10pt;"><strong>EXHIBIT 99</strong></font></p>

<a href="exh_99.htm"><font style="font-size:10pt;">Press release issued January 15, 2019, in which the Registrant announced its Outlook.</font></a></p>
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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exh_99.htm
<DESCRIPTION>PRESS RELEASE
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<p style="text-align: right;"><strong>EXHIBIT 99</strong></p>

<p style="text-align: center;"><font style="font-size: 14pt;"><strong>Magna Announces Outlook</strong></font></p>

<p style="text-align: center;"><strong></strong></p>

<p>
 <ul type="disc"><li>Sales growth and increased EBIT Margin<sup>1</sup> over outlook period</li>

<li>Higher free cash flow<sup>2</sup> in 2019-2021 period, compared to 2018-2020</li></ul>

<p align="justify">AURORA, Ontario, Jan.  15, 2019  (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2019 and 2021.&#160;</p>

<p align="justify">Our outlook to 2021 anticipates continued growth in total sales and improvement in our EBIT Margin compared to 2018 despite our expectation of relatively level light vehicle production across our major end markets of North America and Europe during this same outlook period. Free cash flow is expected to increase to a cumulative total of more than $6.5 billion in the 2019-2021 timeframe as compared to over $6 billion in the 2018-2020 period, reflecting an anticipated increase in earnings and relatively level capital spending.</p>

<p align="justify">For 2019, our sales are expected to be negatively impacted by the announced disposition of our Fluid Pressure &amp; Controls business, net of acquisitions, and by foreign currency translation, reflecting the stronger U.S. dollar.&#160; Excluding these items, our total sales are expected to increase in 2019, compared to 2018.&#160; Our North American business reflects the negative impact of the recently announced General Motors assembly plant actions.&#160; Our outlook anticipates a slight decline in our EBIT Margin in 2019 reflecting, among other factors, higher commodity costs, increased spending for electrification and autonomy, a decline in equity income, and a higher proportion of lower margin Complete Vehicle sales.</p>

<p style="text-align: justify"></p>

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    <td style="width: 2%">&nbsp;</td>
    <td style="width: 97%; text-align: justify; vertical-align: middle"><I>&ldquo;We expect to grow sales and earnings over our outlook period while continuing to build long-term value for our shareholders.
We are seeing further growth opportunities related to autonomy, electrification, electronic systems and lightweighting across
our business. Our strong balance sheet, broad product portfolio, and global diversification is what differentiates Magna and positions
us to innovate and grow through the auto cycle.&rdquo;</I><BR>
<FONT STYLE="font-size: 12pt"><I>- Don Walker, Magna&rsquo;s Chief Executive Officer</I></FONT></td></tr>
</table>





<p style="text-align: justify">OUTLOOK</p>

<table style="width:75%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td style="border-top: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>2019</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; border-top: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">2021</td></tr>
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    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Light Vehicle Production (Units)</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
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    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>17.0 million</strong><br /><strong>22.3 million</strong></td>
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    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">17.0 million<br />22.9 million</td></tr>
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    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
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    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Segment Sales</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$16.8 - $17.6 billion</strong><br /><strong>$11.2 - $11.8 billion</strong><br /><strong>$5.8 - $6.2 billion</strong><br /><strong>$6.9 - $7.3 billion</strong></td>
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    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Total Sales</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$40.2 - $42.4 billion</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">$42.4 - $45.4 billion</td></tr>
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    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">EBIT Margin<sup>3</sup></td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>7.3% - 7.6%</strong></td>
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    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">8.1% - 8.5%</td></tr>
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    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Equity income (included in EBIT)</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$195 - $240 million</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">$290 - $345 million</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Interest Expense</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>Approximately $100 million&#160; </strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Tax Rate</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>Approximately 24%</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Net income attributable to Magna</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>$2.1 - $2.3 billion</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-left: solid black 1pt ; vertical-align: bottom ; ">Capital Spending</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>Approximately $1.7 billion</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 15.0px; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
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<p align="justify">In this outlook we have assumed no material unannounced acquisitions or divestitures or other significant transactions.&#160; The outlook reflects the divestiture of our Fluid Pressure &amp; Controls business, which is expected to occur at the end of the first quarter of 2019.&#160; However, the outlook above does not include any estimated gain or loss on the sale.&#160; 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 2018 rates.</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: top; text-align: left">
    <td style="width: 1%"><img src="exh99_02.jpg" alt="" style="height: 142; width: 140"></td>
    <td style="width: 2%">&nbsp;</td>
    <td style="width: 97%; text-align: justify; vertical-align: middle"><i>&ldquo;We continue to make investments for the future
    that are having a short-term negative impact on our margins but are expected to provide long-term growth. The combined strength
    of our balance sheet and free cash flow allows us to invest while also returning capital to our shareholders. Between 2019
    and 2021, we expect to generate more than $6.5 billion of free cash flow, over 35% of our current market capitalization.&rdquo;<BR>
    - Vince Galifi, Magna&rsquo;s Chief Financial Officer</i></td></tr>
</table>




<p style="text-align: justify">Certain of the forward-looking financial measures above are provided on a Non-GAAP basis. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.&#160; To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of on-going operations in any future period. The magnitude of these items, however, may be significant.</p>

<p align="justify">We will be making a presentation at the Wolfe Research Global Auto Industry Conference on Tuesday, January 15, 2019 at 3:40 p.m. EST during which we will review the details of our outlook.&#160; The presentation will be webcast and available on our website at www.magna.com.&#160; The slides accompanying the presentation will be available on our website Tuesday morning.</p>

<p align="justify">TAGS<br />2019 outlook, sales growth, free cash flow</p>

<p align="justify">INVESTOR CONTACT<br />Louis Tonelli, Vice-President, Investor Relations <br />louis.tonelli@magna.com, 905.726.7035</p>

<p align="justify">MEDIA CONTACT<br />Tracy Fuerst, Director of Corporate Communications &amp; PR <br />tracy.fuerst@magna.com, 248.631.5396</p>

<p align="justify">WEBCAST CONTACT<br />Nancy Hansford, Executive Assistant, Investor Relations <br />nancy.hansford@magna.com, 905.726.7108</p>

<p align="justify">OUR BUSINESS<sup>4</sup> <br />We have more than 173,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 89 product development, engineering and sales centres in 27 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.</p>

<p align="justify">FORWARD-LOOKING STATEMENTS&#160;&#160; <br />We disclose "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") to provide information about management's current expectations and plans. Such forward-looking statements may not be appropriate for other purposes. 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, 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", "aim", "forecast", "outlook", "project", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements.</p>

<p>Forward-looking statements in this press release include, but are not limited to, 2019-2021 outlook period statements related to:</p>

<table style="width:75%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td style="vertical-align: top ; "> <ul>
        <li>Magna&#8217;s ability to capitalize on growth in light-weighting, vehicle electrification, new mobility solutions and safety and autonomous driving</li>
        <li>Free cash flow expectations</li></ul> </td>
    <td style="vertical-align: top ; "> <ul>
        <li>Magna's forecasts of light vehicle production in North America and Europe</li>
        <li>Expected Total sales, based on such light vehicle production, including expected split by segment</li></ul> </td>
    <td style="vertical-align: top ; "> <ul>
        <li>EBIT margin</li>
        <li>Equity income</li>
        <li>Net interest expense</li>
        <li>Tax rate</li>
        <li>Net income</li>
        <li>Fixed asset expenditures; and</li>
        <li>Future returns of capital to our shareholders, including through dividends or share repurchases</li></ul> </td></tr>
</table>

<p align="justify">Our 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.</p>

<p align="justify">While we believe we have a reasonable basis for making such forward-looking statements, they are not a guarantee of future performance or outcomes. Whether actual results and developments 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, including, without limitation:</p>

<table style="width:75%; border-collapse:collapse !important;;border-collapse: collapse; ">
<tr>
    <td style="vertical-align: top ; "><strong>Risks Related to the Automotive Industry </strong><br /> <ul type="disc">
        <li>economic cyclicality resulting in a significant decline in production volumes</li>
        <li>intense competition</li>
        <li>potential restrictions on free trade, including new, continued or higher tariffs on commodities and/or automobiles</li>
        <li>escalation of international trade disputes</li>
        <li>declines in vehicle sales and production volumes in China</li></ul> <strong>Customer and Supplier Related Risks</strong><br /> <ul type="disc">
        <li>concentration of sales with six customers</li>
        <li>shifts in market shares among vehicles or vehicle segments</li>
        <li>shifts in "take rates" for products we sell</li>
        <li>unanticipated customer facility rationalization</li>
        <li>potential loss of any material purchase orders</li>
        <li>a deterioration in the financial condition of our supply base</li></ul> <strong>Manufacturing Operational Risks</strong> <ul type="disc">
        <li>product and new facility launch risks</li>
        <li>operational underperformance</li>
        <li>restructuring costs</li>
        <li>impairment charges</li>
        <li>labour disruptions</li>
        <li>supply disruptions</li></ul> </td>
    <td style="vertical-align: top ; "><strong>IT Security Risk</strong><br /> <ul type="disc">
        <li>IT/Cybersecurity breaches</li></ul> <strong>Pricing Risks</strong> <br /> <ul type="disc">
        <li>pricing risks between time of quote and start of production</li>
        <li>price concessions above contractual long-term agreement percentages</li>
        <li>commodity cost increases</li>
        <li>declines in scrap steel prices</li></ul> <strong>Warranty / Recall Risks</strong><br /> <ul type="disc">
        <li>costs to repair or replace defective products</li>
        <li>warranty costs that exceed warranty provisions</li>
        <li>costs related to significant recalls</li></ul> <strong>Acquisition Risks</strong><br /> <ul type="disc">
        <li>an increase in our risk profile as a result of completed acquisitions</li>
        <li>acquisition integration risks</li></ul> </td>
    <td style="vertical-align: top ; "><strong>Other Business Risks</strong><br /> <ul type="disc">
        <li>risks related to conducting business through joint ventures</li>
        <li>our ability to consistently develop innovative products or processes</li>
        <li>changing risk profile as a result of investment in strategic product areas such as powertrain and electronics</li>
        <li>risks of conducting business in foreign markets</li>
        <li>fluctuations in relative currency values</li>
        <li>tax risks</li>
        <li>reduced financial flexibility due to an unanticipated economic shock</li>
        <li>changes in credit ratings assigned to us</li>
        <li>the unpredictability of, and fluctuation in, the trading price of our Common Shares</li></ul> <strong>Legal, Regulatory and Other Risks</strong> <ul type="disc">
        <li>antitrust and compliance risks;</li>
        <li>legal claims and/or regulatory actions against us</li>
        <li>changes in laws</li></ul> </td></tr>
</table>

<p align="justify">In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement, 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, including the risks, assumptions and uncertainties above which are discussed in greater detail in this document under the section titled "Industry Trends and Risks" and 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.</p>

<p>__________________________________</p>

<p><sup>1</sup> <em>Earnings Before Interest and Taxes (&#8220;EBIT&#8221;) is defined as Net Income attributable to Magna before income attributable to non-controlling interests, income taxes, and interest expense, net.&#160; EBIT Margin is the ratio of EBIT to Total Sales.<br /></em><sup>2</sup> <em>Free cash flow represents Cash from Operating Activities plus proceeds from normal course dispositions of fixed and other assets minus capital spending minus investments in other assets.<br /></em><sup>3</sup> <em>Earnings Before Interest and Taxes (&#8220;EBIT&#8221;) is defined as Net Income attributable to Magna before income attributable to&#160;</em><em>non-controlling interests, income taxes, and interest expense, net.&#160; EBIT Margin is the ratio of EBIT to Total Sales.<br /></em><sup>4</sup> <em>Manufacturing operations, product development, engineering and sales centres and employee figures include certain&#160;</em><em>equity-accounted operations.</em></p>

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