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.
<p> please contact Louis Tonelli, Vice President, Investor Relations at 905-726-7035. </p>