GENEVA -- BMW is taking a closer look at establishing its own local production facilities in Russia now that some European countries have shown weaker growth, CEO Harald Krueger said.
"We are reviewing localized production in Russia, a decision will be taken in the coming weeks and months," Krueger said, adding that a site in Kaliningrad was under consideration.
"Our business is very volatile. When one market shrinks in Europe, you look at where else there are growth opportunities," Krueger told reporters at the auto show here.
BMW's local partner Avtotor currently builds the brand's 3- and 5-series sedans and SUVs from kits in in Kaliningrad, according to Automotive News Europe's European car assembly plant map.
Premium German rival Mercedes-Benz will start output of its E-class sedan at a plant in Moscow next year, while Audi produces its Q7 large SUV at parent Volkswagen Group's Kaluga plant.
Russia's new-car market is rebounding from a four-year slump. In 2017, sales rose 12 percent to 1.56 million, according to data from the Association of European Businesses (AEB) lobby group.
Automotive News Europe contributed to this report