Proton to spend RM600mil on new engines

Abdul Harith: ‘We are trying to manage our costs to ensure we are competitive.’

SHAH ALAM: 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.