Proton Holdings Bhd, a unit of DRB-Hicom Bhd, has allocated RM600mil to develop new car engines with engineering partners in the UK, as the local carmaker plots its return to European markets.
The new engines, which will meet tough European emission standards, are expected to be ready by the end of 2017.
“The cost of development of these new engines will be amortised within the volume that we are doing (manufacturing) over the life of the vehicles. This is a new technology, and obviously you will have to pay a little bit more for the new technology. We are trying to manage our costs to ensure we are competitive,” it’s chief executive officer Datuk Abdul Harith Abdullah said.
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The new engines, which will meet tough European emission standards, are expected to be ready by the end of 2017.
“The cost of development of these new engines will be amortised within the volume that we are doing (manufacturing) over the life of the vehicles. This is a new technology, and obviously you will have to pay a little bit more for the new technology. We are trying to manage our costs to ensure we are competitive,” it’s chief executive officer Datuk Abdul Harith Abdullah said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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