AURORA, Ontario, September 24, 2013 /PRNewswire/ --
Magna International Inc. (TSX: MG) (NYSE: MGA) today
announced that the Bundeskartellamt, the German Federal Cartel
Office, has attended at a Magna operating division in Germany under the authority of a search
warrant, in connection with an ongoing antitrust investigation of
the automobile textile coverings and components industry
(particularly trunk linings).
Magna's policy is to comply with all applicable laws, including
antitrust and competition laws, and we intend to cooperate with the
German Federal Cartel Office.
ABOUT MAGNA
We are a leading global automotive supplier with 314
manufacturing operations and 89 product development, engineering
and sales centres in 29 countries. Our 123,000 employees are
focused on delivering superior value to our customers through
innovative processes and World Class Manufacturing. Our product
capabilities include producing body, chassis, interior, exterior,
seating, powertrain, electronic, vision, closure 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
http://www.magna.com.
FORWARD-LOOKING STATEMENTS
The previous discussion may contain statements that constitute
"forward-looking information" or "forward-looking statements"
within the meaning of applicable securities legislation. 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 with 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: risks of
conducting business in foreign markets, legal claims and/or
regulatory actions against us; the unpredictability of, and
fluctuation in, the trading price of our Common Shares; changes in
laws and governmental regulations; 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.
For further information about Magna, please see our website
at http://www.magna.com. Copies of financial
data and other publicly filed documents are available through the
internet on the Canadian Securities Administrators' System for
Electronic Document Analysis and Retrieval (SEDAR) which can be
accessed at http://www.sedar.com and on the
United States Securities and Exchange Commission's Electronic Data
Gathering, Analysis and Retrieval System (EDGAR) which can be
accessed at http://www.sec.gov
For further information:
Please contact Louis Tonelli, Vice-President, Investor
Relations at +1-905-726-7035.