Magna to build new BMW 5 series at Graz, Austria plant
Production to be split with BMW Group's plant in Dingolfing, Germany.
The global auto parts giant based in Aurora, Ont. said production, which is to begin next year, will be split with BMW Group’s manufacturing plant in Dingolfing, Germany.
No financial details were released.
The strategic partnership between Magna and the BMW Group began in 2001. Magna started manufacturing the BMW X3 in 2003, followed by the MINI Countryman in 2010 and the MINI Paceman in 2012.
The new BMW 5 Series will succeed the two MINI vehicles.
Magna says the Graz facility is expected to reach approximately 200,000 vehicles per year by 2018 with new business awards from BMW and JLR starting production in 2017, and get a contract extension on the Mercedes-Benz G-Class.