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International Motors does not expect any job cuts at its U.S. manufacturing facilities despite a slump in demand in the first quarter of 2025, CEO Mathias Carlbaum said April 29.

International Motors’ sales and orders tumbled in the first quarter of 2025 as a result of economic uncertainty due to Trump administration tariffs and a weak U.S. freight market.

International Motors sold 16,900 trucks and buses in the first quarter of 2025, a 12% decrease compared with 19,300 vehicles in the same period 12 months earlier.

Volkswagen AG raised about $393 million through the sale of a 2.2% stake in Traton SE.

International Motors parent company Traton Group will build vehicle software platforms with Mountain View, Calif.-headquartered software group Applied Intuition, the companies said.

An anticipated jump in Class 8 truck sales ahead of the arrival of stricter emissions standards might not start until 2026, the CEO of the parent company of International Motors said March 10.

International Motors sold 23,800 trucks and buses in the fourth quarter of 2024, a 15% increase compared with 20,700 vehicles in the year-earlier period, parent company Traton said Jan. 14.

Sales at International soared in the most recent quarter after the truck and bus maker was able to clear a large part of a backlog of vehicles missing their mirrors.

Traton SE is targeting slightly higher returns in the coming five years by expanding in North America and selling more higher-priced electric trucks.

Traton’s profits rose in Q2 2024 as higher prices and South American demand trumped a slump in truck sales for Navistar’s International Trucks brand due to a shortage of mirrors.