AB Volvo and Navistar International Corp. nixed plans for putting Volvo 12 litre engines in Navistar International trucks.

In May 2001, the company's engine manufacturing business unit, Volvo Powertrain, signed a letter of intent regarding the supply of 12 litre engines to International Truck and Engine Corporation, a wholly-owned subsidiary of Navistar International Corp. Volvo's official statement says the companies ceased negotiations because "it has not been possible to fulfill the conditions outlined in the letter of intent."