Magna to build new BMW 5 series

Magna International Inc. announced today it will manufacture the new 5 Series sedan for the BMW Group at its contract vehicle assembly facility in Graz, Austria. The production, which is expected to begin in 2017, will be split with BMW Group’s manufacturing plant in Dingolfing, Germany.

“We are proud to continue our longstanding partnership with the BMW Group,” says Günther Apfalter, President of Magna Europe and Magna Steyr. “The new collaboration emphasizes our customer’s continued trust in our contract manufacturing capability and our unmatched leadership position in this area.”

“In the last 15 years of our collaboration, Magna has proven to be a trusted partner with expertise in world-class production capabilities. Therefore, Magna is exactly the right choice to share production of our new BMW 5 Series,” explains Oliver Zipse, BMW AG Board of Management member for Production.

The successful 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.

With new business awards from BMW and JLR starting production in 2017, and a contract extension on the Mercedes-Benz G-Class, Magna’s Graz facility is expected to reach approximately 200,000 vehicles per year by 2018.

About Magna

We are a leading global automotive supplier with 309 manufacturing operations and 99 product development, engineering and sales centres in 29 countries. We have over 152,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure and roof systems.  Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.