VIENNA -- Magna Steyr may build a new plant in Europe as its Austrian factory runs out of capacity, said the head of its European business, Guenther Apfalter.
Magna currently builds the Mercedes G class for Daimler at its Graz plant in eastern Austria and will replace the production of BMW Group's Mini Countryman with the BMW 5 series in March next year, according to the Automotive News Europe plant assembly map.
In September, Magna said it was mulling a new plant following the 5-series order from BMW.
Jaguar's full-electric I-Pace SUV will also be constructed at Magna's Graz plant starting next year.
"Should the Graz plant become overloaded, a new factory nearby might be an option," Apfalter told the German trade magazine Automobil Produktion in an interview published on Tuesday.
Automobilwoche, a sister publication of Automotive News Europe, reported in September that Magna was mulling Slovenia as a possible location for the plant and would build six models for four different automakers, including Toyota, starting 2018.
Magna was also looking at other potential locations in North America and China, Apfalter said.
A decision will likely be taken in the next few months, Apfalter said.