Magna International : News Release - Magna Receives FCA Supplier of the Year Award

• Magna has supplied seats for FCA minivans since the automaker invented the segment in the 1980s

AURORA, Ontario, July 18, 2019 - Magna has been recognized by FCA with the 2018 Interior Supplier of the Year Award at the automaker's recent annual supplier conference and award ceremony.

Magna's interior content to FCA consists of complete seat sets on vehicles such as the Jeep® Grand Cherokee, Dodge Durango and Chrysler Pacifica. Magna has supplied seats for FCA minivans since the automaker invented the segment in the 1980s, and the partnership continues to help make the Pacifica the segment definer, including the development of Stow 'n Go seating. In its fourth generation today, the current Stow 'n Go system is an improved version with redesigned seats for easy entry to the third row and added comfort and side support.

Magna earned its FCA Supplier of the Year Award based on 2018 performance in quality, delivery, cost, and warranty - and input from FCA senior leadership.

'FCA is in the midst of transformational changes and these suppliers are helping enable a stronger future for all of us,' said Scott Thiele, Head of Purchasing and Supply Chain, FCA - North America. 'It is an honor to recognize their contributions and dedication, as they represent the best in the industry.'

Award recipients were determined based on an evaluation of each company's supplier scorecard performance in 2018 - a rating system that evaluates supplier performance in quality, delivery, cost, and warranty - and input from FCA senior leadership.

'On behalf of Magna and our award-winning seating team, we thank FCA for this recognition and look forward to continuing our partnership,' said Mike Bisson, president of Magna Seating. 'We take great pride in providing FCA and their vehicle owners with flexible, comfortable, easily reconfigurable seats to suit their lifestyles.'

TAGS
Automotive supplier awards, FCA, automotive seats

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Louis Tonelli, Vice-President, Investor Relations
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ABOUT MAGNA
We are a mobility technology company. We have more than 169,000 entrepreneurial-minded employees and 338 manufacturing operations and 89 product development, engineering and sales centres in 28 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors & lighting, mechatronics and roof systems. Magna also has electronic and software capabilities across many of these areas. 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.

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