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.August 25, 2004
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This Week:

• Mazda5 Space Wagon to be launched at 2004 Paris Motor Show

• BMW Becomes A 'Part' Of Stockton

• The All-New 2005 Jeep® Grand Cherokee - Most Capable SUV in the Outback and the Opera

• GM Invests $60 Million In Flint Metal Center

• Ford Tire Recycling Gives New Life To Old Tires

• U.S. and Canadian Porsche Dealers Set to Launch 2005 Porsche(R) 911(R)

• Nissan Design America Creates Extreme Gravity Racer

• Mercedes-Benz S-Class Offers 4MATIC as Standard

• Audi Releases Pricing on the All-New 2005 Audi A6

• Mr. Mark Hogan joins Magna as president

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Mr. Mark Hogan joins Magna as president
 

AURORA, ON - Magna International Inc. announced that Mr. Mark Hogan has joined Magna as President. He will work closely with the two Executive Vice-Chairmen of Magna, Mr. Manfred Gingl and Mr. Siegfried Wolf, from offices in Detroit, Michigan. Mr. Hogan has spent over 30 years with General Motors, most recently as General Motors' Group Vice-President for Advanced Vehicle Development. His career included assignments as President, GM do Brazil, President of e-GM and as general manager for the GM North American Car Group, Small Car Operations. At Magna, Mr. Hogan will draw on his extensive global experience with General Motors' operations and his advanced vehicle development expertise.

Frank Stronach, Magna's Chairman and Interim President and Chief Executive Officer stated: "Mark will be an extremely valuable addition to our senior management team where his broad experience in various areas at General Motors, the world's largest OEM, will assist us in our efforts to explore new markets and opportunities."

"I have had a wonderful and rewarding career at General Motors," commented Mr. Hogan. "In my new position at Magna, I intend to advance Magna's unique role as the world's most diversified Tier One supplier of automotive systems."

(Aug 20, 2004)