Press release from CNW Group
Correction Notice to Second Quarter and Year to Date Results Press Release regarding "Complete Vehicle Assembly" Sales
Friday, August 10, 2012
Correction Notice to Second Quarter and Year to Date Results Press Release regarding "Complete Vehicle Assembly" Sales15:31 EDT Friday, August 10, 2012AURORA,ON, Aug. 10, 2012 /CNW/ - Magna International Inc. (TSX: MG; NYSE: MGA) Please note the correction below to our press release titled "Magna Announces Second Quarter and Year to Date Results" which was distributed on Thursday, August 9, 2012. We apologize for any inconvenience.The corrected amount (originally disclosed as $615) is underlined in the table below.Management's Discussion and Analysis of Results of Operations and Financial PositionRESULTS OF OPERATIONS - FOR THE THREE MONTHS ENDED JUNE 30, 2012Sales For the three months ended June 30, 2012 2011 Change Vehicle Production Volumes (millions of units) North America 3.985 3.103 +28% Western Europe 3.307 3.548 -7% Sales External Production North America$3,907 $3,533 +11% Europe 2,249 2,258 — Rest of World 415 335 +24% Complete Vehicle Assembly 645 728 -11% Tooling, Engineering and Other 511 484 +6%Total Sales$7,727 $7,338 +5%ABOUT MAGNAWe are a leading global automotive supplier with 296 manufacturing operations and 88 product development, engineering and sales centres in 26 countries. Our 115,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures 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 atwww.magna.com. SOURCE: Magna International Inc.For further information: please contact Louis Tonelli, Vice-President, Investor Relations at 905-726-7035.