April 16, 2007

Magna confirms involvement in potential sale of Chrysler Group

Aurora, Ontario – Magna International released a statement last Friday regarding its interest in the Chrysler Group. The statement reads, “Magna International Inc. today confirmed that it continues to review potential alternatives regarding the future of the Chrysler Group. Magna has previously commented that, as DaimlerChrysler is one of its largest customers, Magna is seeking a full understanding of the situation regarding the future of the Chrysler Group, and any constructive role Magna may play in a potential transaction. There is no assurance that any transaction will result from Magna’s current involvement.”

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