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    AB Volvo, Navistar halt talks

    Jan. 1, 2002
    In May 2001, AB Volvo's business unit Powertrain signed a letter of intent regarding the supply of 12-liter engines to International Truck and Engine

    In May 2001, AB Volvo's business unit Powertrain signed a letter of intent regarding the supply of 12-liter engines to International Truck and Engine Corp, a wholly owned subsidiary of Navistar International Corp. As it has not been possible to fulfill the conditions outlined in the letter of intent, the parties have decided to cease negotiations.