The 5 series is BMW's No. 2 seller last year with a global volume of 373,053.
FRANKFURT -- BMW will outsource some production of the 5-series range to Magna Steyr in Graz, Austria, after the contract manufacturer stops building the Paceman and Countryman for sister brand Mini at the end of this year, a German report said.
Magna Steyr will build between 50,000 and 70,000 next-generation 5-series models a year, Automobil Produktionreported, citing company sources. No decision has yet been reached on which variants of the 5 series will be built in Austria, the report added.
The current 5 series is built at BMW's plant in Dingolfing, southern Germany, and is the brand's No. 2 seller globally after the 3 series. Last year BMW sold 373,053 5-series variants and 480,214 units of the 3-series family, according to the automaker's annual report.
“We don't comment on these reports,” a BMW spokesman told Automotive News Europe when asked about the deal. The spokesman also declined to comment on where the company intends to move future output of the Mini Countryman.