Magna Announces Cooperation Regarding Regulatory Investigation

About this update from Magna International Inc.

[{"type":"text","content":"\n\n\nAURORA, ON, Sept. 19, 2014 /CNW/ - Magna International Inc. (TSX: MG; NYSE: MGA) today announced that the CADE (Conselho Administrativo de Defesa\n Economica), Brazil's competition authority, has attended at the offices\n of a subsidiary in Brazil, in connection with an ongoing antitrust\n investigation.\n\n\nMagna's policy is to comply with all applicable laws, including\n antitrust and competition laws, and we intend to cooperate with CADE in\n this investigation.\n\n\nABOUT MAGNA\n\n\nWe are a leading global automotive supplier with 317 manufacturing\n operations and 83 product development, engineering and sales centres in\n 29 countries.  We have over 130,000 employees focused on delivering\n superior value to our customers through innovative products and\n processes, and World Class Manufacturing.  Our product capabilities\n include producing body, chassis, interior, exterior, seating,\n powertrain, electronic, vision, closure and roof systems and modules,\n as well as complete vehicle engineering and contract manufacturing. \n Our Common Shares trade on the Toronto Stock Exchange (MG) and the New\n York Stock Exchange (MGA).  For further information about Magna, visit\n our website at www.magna.com.\n\n\nFORWARD-LOOKING STATEMENTS \n\n\nThis press release may contain statements that constitute\n \"forward-looking information\" or \"forward-looking statements\" within\n the meaning of applicable securities legislation. We use words such as\n \"may\", \"would\", \"could\", \"should\" \"will\", \"likely\", \"expect\",\n \"anticipate\", \"believe\", \"intend\", \"plan\", \"forecast\", \"outlook\",\n \"project\", \"estimate\" and similar expressions suggesting future\n outcomes or events to identify forward-looking statements. Any such\n forward-looking statements are based on information currently available\n to us, and are based on assumptions and analyses made by us in light of\n our experience and our perception of historical trends, current\n conditions and expected future developments, as well as other factors\n we believe are appropriate in the circumstances. However, whether\n actual results and developments will conform to our expectations and\n predictions is subject to a number of risks, assumptions and\n uncertainties, many of which are beyond our control, and the effects of\n which can be ...

More updates from Magna International Inc.