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LONG BEACH, Calif. — Freightliner Trucks, a division of Daimler Truck North America, has unveiled its production-ready eCascadia Class 8 electric truck, built on the best-selling heavy-duty truck platform in North America.

Daimler Truck Group, reporting for the first time as an independent company, saw fourth-quarter net income plunge and revenue tick up compared with the same 2020 period.

When a Chinese billionaire became Daimler AG’s biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker just disclosed for the first time.

To the clanging of a bell and the blasting of a truck air horn, Daimler Truck began trading Dec. 10 as an independent company on the Frankfurt Stock Exchange under the stock symbol DTG, marking a new era following its spinoff from Daimler AG.

Daimler Truck AG, the largest global truck maker, intends to go public Dec. 10, and recently described what that would look like in terms of products and performance.

Daimler AG said it intends to dispose of all of its stake in Renault SA, valued at about $364 million.

Daimler AG reported modestly higher net income and a dip in revenue in the third quarter as truck sales rose, but sales of Mercedes-Benz vehicles plunged.

Daimler AG’s truck unit plans to ring in life as an independent company by delivering on savings targets and disclosing regional earnings in a bid to put to bed criticism it’s lagging the returns of rivals.

Daimler AG shareholders backed a plan to spin off the sprawling truck division from the Mercedes-Benz luxury car operations in a watershed decision to boost the valuation of both companies.

BERLIN — German automaker Daimler on Sept. 3 dismissed a “cease and desist” demand from two environmental groups to commit to ending the sale of combustion engine vehicles by 2030.