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      05-13-2016, 01:32 PM   #1
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BMW Z5 Production Reportedly Outsourced to Magna Steyr

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BMW Z5 Production Reportedly to be Outsourced to Magna Steyr
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A report out of German newspaper, Kleine Zeitung (via Automotive News), says that the next gen Z4, likely to be called the Z5, along with the Toyota model (presumably Supra) with which it shares a platform, will be manufactured by Magna Steyr, an Austrian manufacturer.

BMW had stated that it would contract Magna Steyr to build a new model next year after it decided to end production of the Mini Paceman and Countryman, currently being built by Magna Steyr, but the name of the model has not yet been announced.

Demand for two seater roadsters is not high and Z4 sales fell 47% in the first quarter. When asked whether it was still financially worth competing in the roadster segment, BMW CEO Harald Krueger said: "BMW has a long roadster tradition." "We will occupy the segment once more. It's not big, but it's important for the strength of the brand."

Magna Steyr is a unit of Canada's Magna International and it specializes in building lower volume cars, ideal for a niche model like a roadster. The Graz factory currently produces the Mercedes G Class, along with the MINI Countryman and Paceman.

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