By Rupinder Singh
Proton Holdings paid RM63 million to buy all engine technologies and knowledge developed by Petronas since 1997
Proton Holdings Bhd will roll out models fitted with engines developed by Petroliam Nasional Bhd (Petronas) in the first quarter of next year.
Yesterday, the national carmaker paid RM63 million to buy all engine technologies and knowledge developed by Petronas since 1997, which will mark the latter’s complete exit from all engine development activities.
Proton signed an assets and technologies acquisition agreement with Petronas Technology Ventures Sdn Bhd (PTVSB), the technology commercialisation arm of Petronas at a ceremony held here.
The event was witnessed by the adviser to Petronas and Proton, former prime minister Tun Dr Mahathir Mohamad.
Through the deal, Proton will have immediate ownership of a more powerful yet fuelefficient family of naturally aspirated and turbocharged 2.0 litre engines, as well as a 2.2 litre turbocharged version to complement its existing Campro engine line-up.
The agreement also gives Proton access to the spray-guided Gasoline Direct Injection (GDI) technology, which was co-developed by Petronas Research Sdn Bhd with a renowned engineering firm.
“Proton Holdings, through Perusahaan Otomobil Nasional Sdn Bhd, is taking over seven engine technologies with 117 technology patents from Petronas,” Proton chairman Datuk Seri Mohd Khamil Jamil said at the signing ceremony here yesterday.
Mohd Khamil said testing for the new engine, dubbed NE01, is ongoing in Proton’s Exora and Preve models.
He added that a diesel engine could be in the offering in the near future as well.
Read more: Petronas engines for Proton cars from Q1 http://www.btimes.com.my/Current_News/BTIM...l#ixzz2EnrawlU9
This post has been edited by Kampung2005: Dec 12 2012, 11:40 AM