Magna International Inc. (TSE: MG.A, MG.B, NYSE "Magna") and Decoma International Inc. (TSE: DEC.A NASDAQ: DECAF"Decoma") jointly announced today that they have entered into a non-binding letter of intent respecting the purchase by Decoma of the Magna Exterior Systems group's ("MES") European exterior parts operations and Magna's existing majority interest in Decoma Exterior Trim Inc. ("Trimco").