AURORA, Ontario, September 19, 2014 /PRNewswire/ --
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
http://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.
For further information: Louis Tonelli, Vice President,
Investor Relations at +1-905-726-7035.