AURORA, ON, Sept. 19, 2014 /CNW/ - Magna International
Inc. (TSX: MG; NYSE: MGA) today announced that the CADE
(Conselho Administrativo de Defesa Economica), Brazil's competition authority, has attended
at the offices of a subsidiary in Brazil, in connection with an ongoing
antitrust investigation.
Magna's policy is to comply with all applicable
laws, including antitrust and competition laws, and we intend to
cooperate with CADE in this investigation.
ABOUT MAGNA
We are a leading global automotive supplier with
317 manufacturing operations and 83 product development,
engineering and sales centres in 29 countries. We have over
130,000 employees focused on delivering superior value to our
customers through innovative products and 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 www.magna.com.
FORWARD-LOOKING STATEMENTS
This press release 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 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. These risks,
assumptions and uncertainties include, without limitation, the
impact of: 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.
SOURCE Magna International Inc.