Exhibit 99

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                TESMA RECEIVES PRIVATIZATION PROPOSAL FROM MAGNA

October 25, 2004, Concord, Ontario, Canada - TESMA INTERNATIONAL INC. (TSX:
TSM.A; NASDAQ: TSMA) announced today that its board of directors has received
a proposal from Magna International Inc. to acquire all the outstanding Class
A Subordinate Voting Shares of Tesma not owned by Magna. Magna has proposed
that the transaction be effected by way of a court-approved plan of
arrangement under Ontario law.

Under the proposal, shareholders of Tesma would receive 0.4388 of a Class
A Subordinate Voting Share of Magna for each Class A Subordinate Voting Share
of Tesma or, at the election of any shareholder, cash based on the volume-
weighted average trading price ("VWAP") of Magna's Class A Subordinate Voting
Shares over the five trading days ending on the last trading day immediately
preceding the effective date of the plan of arrangement. The aggregate cash
payable to all electing Tesma shareholders in the proposed transaction would
be capped at Cdn. $350 million, representing approximately half of the total
consideration contemplated by the proposal based on the VWAP of Magna's Class
A Subordinate Voting Shares over the 20 trading days ended October 22, 2004,
being the last trading day prior to the making of the proposal. If
shareholders elect to receive cash in excess of Cdn. $350 million in the
aggregate, the total cash available will be prorated among those shareholders
electing to receive cash and the balance of their consideration will be
satisfied in Magna Class A Subordinate Voting Shares. The consideration
offered represents a premium of approximately 33.33% over the relative VWAPs
of Magna's Class A Subordinate Voting Shares and Tesma's Class A Subordinate
Voting Shares over the past 20 trading days and a premium of 28.20% over the
relative closing prices of such shares on the TSX on October 22, 2004.

The proposed transaction is proposed to be carried out by way of a court-
approved plan of arrangement under Ontario law and is subject to applicable
securities laws, including the Ontario rules that specifically govern going-
private transactions of this nature. In addition to court approval, the
transaction would require the approval of the shareholders of Tesma,
including by way of a majority of the votes cast by holders other than Magna
and its affiliates and other insiders.

Tesma's board of directors will review Magna's proposal and will respond
in due course having regard to all applicable legal and regulatory
requirements.

Tesma, a global supplier of highly-engineered engine, transmission and
fuel system components, modules and systems for the automotive industry,
employs over 5,700 skilled and motivated people in 28 manufacturing
facilities in North and South America, Europe and Asia, and five focused
tooling, design and R&D centres supporting our three principal product
technology groups: Tesma Engine Technologies; Tesma Transmission
Technologies; and Tesma Fuel Technologies.

For further information regarding this press release, please contact: Anthony
Dobranowski at (905) 417-2155.  Alternatively, forward e-mail requests to
investorrelations@tesma.com or visit Tesma's website at www.tesma.com.