Magna International is world's most diverse auto parts supplier

Partnered w/ Ford on zero-emission lithium-ion battery electric vehicle (BEV)

BEV to be delivered to market in 2011 as small car

Magna will provide critical powertrain and battery module components

BEV will operate similar to a conventional vehicle w/ 100-mile expected range

Will have smoother acceleration, less noise and zero emission

Expected 12 hour charge time at 110 volts, 6 hours at 220 volts

"This vehicle adds an important piece to Ford's product lineup with a zero-emission vehicle that will be both affordable and meets customers' needs. In addition, the joint partnership demonstrates valuable OEM/supplier collaboration by sharing in the expertise and investment that the auto industry now requires for new advancements in energy independence and reduced CO(2) emissions." -- Don Walker, co-CEO, Magna International

"Our collaboration with Magna on a Ford BEV is the result of a shared vision of the potential of electrification in transportation. This partnership leverages the technical expertise of two global companies to achieve a common goal, delivering a no-compromise, zero- emission, battery powered car for the retail market." -- Derrick Kuzak, group vice president, Product Development, Ford