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.December 03, 2003
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This Week:

• Aston Martin DB9 Volante

• Cooking With Style: Buick Teams With Renowned Chef Ming Tsai For Rainier Recipes

• DaimlerChrysler continues global fight against HIV/AIDS

• Nissan Europe Appoints New Senior Vice President

• BMW Launches Unprecedented On-Line Game Starring New X3

• Banque PSA Finance opens office in China

• Magna in discussions with DaimlerChrysler regarding New Venture Gear

• Chrysler Group Announces New Controller - Donlon to Retire; Olsen from DaimlerChrysler Services Named

• Ford Names Michael J. McCarney As New Asean President

• Volkswagen intensifies collaboration with FAW in China

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Magna in discussions with DaimlerChrysler regarding New Venture Gear

AURORA, ON - Magna International Inc announced today that it is in discussions with DaimlerChrysler regarding the potential sale to Magna of a controlling interest in New Venture Gear with manufacturing operations in Syracuse, New York and Roitzsch, Germany. New Venture Gear produces drivetrain systems, including transfer cases, and had sales of approximately $1.4 billion in 2002 in its Syracuse and Roitzsch operations. DaimlerChrysler and Magna will discuss forming a joint venture to operate the business. If and when agreement is reached on the terms of an acquisition, a definitive purchase agreement is executed, and necessary board and other approvals are obtained, a final announcement will be made by Magna. (Dec 1, 2003)