Forward Looking Statements

From time to time, we make written or verbal statements that constitute "forward-looking statements" within the meaning of applicable securities legislation, including, but not limited to, statements on this website relating to Magna’s expected consolidated sales, based on expected light vehicle production in North America and Europe, North American and European average dollar content per vehicle, complete vehicle assembly sales, fixed asset expenditures. The forward-looking information contained on this website is presented for the purpose of providing information about management's current expectations and plans and such information may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. 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:

• the potential for a slower than anticipated economic recovery or a deterioration of economic conditions;
• production volumes and sales levels which are below forecast levels;
• our dependence on outsourcing by our customers;
• the termination or non renewal by our customers of any material contracts;
• our ability to identify and successfully exploit shifts in technology;
• restructuring, downsizing and/or other significant non-recurring costs;
• impairment charges;
• our ability to successfully grow our sales to non-traditional customers;
• unfavourable product or customer mix;
• risks of conducting business in foreign countries, including China, India, Brazil, Russia and other developing markets;
• our ability to quickly shift our manufacturing footprint to take advantage of lower cost manufacturing opportunities;
• disruptions in the capital and credit markets;
• fluctuations in relative currency values;
• our ability to successfully identify, complete and integrate acquisitions;
• pricing pressures, including our ability to offset price concessions demanded by our customers;
• warranty and recall costs;
• the financial condition and credit worthiness of some of our OEM customers, including the potential that such customers may not make, or may seek to delay or reduce, payments owed to us;
• the financial condition of some of our suppliers and the risk of their insolvency, bankruptcy or financial restructuring;
• the highly competitive nature of the automotive parts supply business;
• product liability claims in excess of our insurance coverage;
• changes in our mix of earnings between jurisdictions with lower tax rates and those with higher tax rates, as well as our ability to fully benefit tax losses;
• other potential tax exposures;
• legal claims against us;
• work stoppages and labour relations disputes;
• changes in laws and governmental regulations;
• costs associated with compliance with environmental laws and regulations;
• potential conflicts of interest involving our indirect controlling shareholder, the Stronach Trust; 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.