FORM 6-K
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

                    Report of Foreign Private Issuer

                   Pursuant to Rule 13a-16 or 15d-16
                of the Securities Exchange Act of 1934

For the month of     February, 2003
Commission File Number    0-13942

                         MAGNA INTERNATIONAL INC.
              (Translation of registrant's name into English)

               337 Magna Drive, Aurora, Ontario, Canada L4G 7K1
                  (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
                                        Form 20-F      Form 40 F..X..

Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):_____

Note:  Regulation S-T Rule 101(b)(1) only permits the submission in paper of
a Form 6-K if submitted solely to provide an attached annual report to
security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):___

Note:  Regulation S-T Rule 101(b)(7) only permits the submission in paper of
a Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws
of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant's "home country"), or under the rules of
the home country exchange on which the registrant's securities are traded, as
long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant's security holders, and,
f discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
                           Yes ....       No ...X...

If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-____

                                          SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                      MAGNA INTERNATIONAL INC.
                                      (Registrant)

                                      By:   /s/J. Brian Colburn
Date:  February 3, 2003.              J. Brian Colburn
                                      Executive Vice-President, Special
                                      Projects and Secretary

                                    EXHIBITS


EXHIBIT 99

Press release dated February 3, 2003 issued by the Registrant announcing the
completion of its annual recoverability assessment of goodwill and review of
the carrying value of long-lived assets in its automotive operations and
determination to record a non-cash impairment charge to fourth quarter 2002
net income and diluted earnings per share of approximately U.S. $26 million
and $0.27 per share respectively.