Magna Announces Management Change

AURORA, Canada, September 13, 2010 - Magna International Inc. (TSX: MG, NYSE: MGA) today announced that
Siegfried Wolf, Magna's Co-Chief Executive Officer, has resigned as a
director and officer effective November 15, 2010, in order to pursue an
opportunity with Basic Element and its machinery division OJSC Russian
Machines, the parent company of Russian automotive OEM, GAZ Group. Magna's
Board of Directors has accepted Mr. Wolf's resignation and has confirmed that
Donald Walker will be Magna's sole Chief Executive Officer.

Frank Stronach, Magna's Chairman, stated: "On behalf of the Board,
management and Magna's employees, I would like to express our appreciation
for Sigi's major contribution to Magna's success over the years, including in
establishing our strong presence in Europe. When Oleg Deripaska recently
approached us for permission for Basic Element to make an offer to Sigi, we
made it clear that the decision should ultimately rest with Sigi. Magna's
decentralized culture and operating principles ensure that our success is not
dependent on any one person. We respect the choice Sigi has made and wish him
success in pursuing this new challenge."

Added Frank: "We also recognize the potential benefits that could arise
from this opportunity - Magna stands to further strengthen its relationship
with Basic Element and continue to grow in the recovering Russian automotive
market, while Basic Element gains an experienced manager with extensive full
vehicle assembly expertise who can immediately assist its automotive division
in pursuing its modernization and growth strategy."

"Sigi has done a great job for Magna, particularly in building a strong
European management team and strengthening our relationships with our
European-based customers," added Don Walker. "Notwithstanding this change,
our executive management team, together with the global management teams at
our operating groups and the decentralized management of our operating
divisions remain committed to continuing to deliver strong operating and
financial results with a continued focus on innovation and expanding our
geographic footprint."

Mr. Wolf stated: "I have the utmost respect for Magna and the culture and
principles that Frank Stronach has instilled. While I look forward to this
new challenge with Basic Element, I intend to remain a friend and strong
supporter of Magna and have no doubt that it will continue to succeed under
the guidance of Don and the rest of the executive management team. I also
look forward to potential future opportunities to work together with Magna in
connection with Magna's ongoing expansion strategy in Russia and the
important role that I am sure it will play in the development of the Russian
automotive industry."

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.

Contact

For further information, please contact Vince Galifi, Executive
Vice-President and Chief Financial Officer at +1-905-726-7100.

For further information, please contact Vince Galifi, Executive Vice-President and Chief Financial Officer at +1-905-726-7100.