Magna International Inc
SymbolMG.A
Shares Issued111,916,531
Close 2009-11-20C$ 52.93
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Magna's Cosma Int'l to supply frame for GM trucks

2009-11-23 11:31 ET - News Release

Ms. Tracy Fuerst reports

COSMA INTERNATIONAL AWARDED FRAME FOR GM'S NEXT-GENERATION FULL-SIZE PICK-UP AND SUV PLATFORM

Magna International Inc.'s operating unit, Cosma International, a leading global automotive-body-and-chassis-systems supplier, will supply the frame assembly for General Motors' next generation of full-size, light-duty pickups and SUVs. This is the third generation of frames Cosma has been awarded on this platform by GM. Cosma will produce the new frames from its state-of-the-art manufacturing facilities located in St. Thomas, Ont., and Saltillo, Mexico. "Receiving this third-generation frame business from GM is a real testament to our ability to deliver on key areas including cost and quality," said Horst Prelog, president, Cosma International. "GM is a long-term valued customer of ours and we look forward to continuing our partnership with them."

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