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Magna Wins J.D. Power Award for Seat Quality and Satisfaction

October 3, 2018

-- Magna-made seats in the Ford Edge ranked highest in the midsize/large SUV segment -- Second year in a row for Magna to win this award -- Study based on responses from more than 75,000 purchasers and lessees of new 2018 model-year cars and light trucks

AURORA, Ontario, Oct. 03, 2018 (GLOBE NEWSWIRE) -- Easy-to-use controls, attention to detail and flexible functionality: all things that drive Magna’s seating business, now being recognized by new car and truck owners in the J.D. Power 2018 Seat Quality and Satisfaction StudySM. Magna Seating received an award in the midsize/large SUV category for having the highest ranking with the seats it supplies for the Ford Edge.

It’s the second year in a row the Edge seats have ranked highest in the category. Consumers reported an average of only 3.6 problems per 100 cars sold in 2018, an improvement from last year’s top ranking at 5.8 problems per 100 vehicles sold.

Magna manufactures the complete Ford Edge seat system at its Mississauga Seating Systems plant in Ontario. Approximately 400 employees work at the plant, which also provides seats for the Ford Flex, Lincoln MKX and Lincoln MKT.

The Mississauga team credits the award to a rigorous, cross-functional approach to developing and making seats. Key areas of focus include working closely with the customer on seat engineering early in the project; using the latest design software tools; and maintaining an extreme passion for craftsmanship across all levels of the plant.

“I want to congratulate the leadership team and employees at Mississauga Seating Systems,” said Mike Bisson, President of Magna Seating. “Your hard work and attention to detail has paid off with an award for superlative quality and customer satisfaction, both hallmarks of Magna and what we strive to provide every day.”

The J.D. Power 2018 Seat Quality and Satisfaction Study provides automotive manufacturers and suppliers with quality and satisfaction information related to seating systems. New vehicle owners were asked to rate the quality of their vehicle’s seats with respect to whether they have experienced defects/malfunctions or design problems during the first 90 days of ownership.

The study is based on responses from more than 75,000 purchasers and lessees of new 2018 model-year cars and light trucks registered in November-December 2017 and January-February 2018.

TAGSJ.D. Power, Ford Edge, award-winning seats

INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com, 905.726.7035

MEDIA CONTACTTracy Fuerst, Global Director of Corporate Communications & PR tracy.fuerst@magna.com, 248.631.5396

ABOUT MAGNAWe have more than 173,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world’s largest automotive suppliers with 339 manufacturing operations and 89 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c1403083-41ce-4395-96c5-4fbae5357851

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