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New Venture Gear, now Magna
Magna

Magna can refer to:* Magna International, Canada's largest automobile parts manufacturer* Magna paint, the world's first artist acrylic paint developed in 1947...
, or New Process Gear, a division of Magna International
Magna International

Magna International Inc. is a Canada company based in Aurora, Ontario. It is Canada's largest automobile parts manufacturer, and one of the country's largest companies....
, was a joint-venture automobile
Automobile

An automobile or motor car is a wheeled motor vehicle for transportation passengers, which also carries its own car engine or motor. Most definitions of the term specify that automobiles are designed to run primarily on roads, to have seating for one to eight people, to typically have four wheels, and to be constructed principally f...
 transmission
Transmission (mechanics)

Using the principle of mechanical advantage, transmissions provide a speed-torque conversion from a higher speed motor to a slower but more forceful output or vice-versa....
 company set up by General Motors
General Motors

General Motors Corporation , founded in 1908, is the world's second-largest automaker after Toyota, ranked by 2008 global unit sales. GM was the global sales leader for 77 consecutive calendar years from 1931 to 2008....
 and the Chrysler Corporation in February 1990. It was 64% owned by DaimlerChrysler
DaimlerChrysler

Daimler Aktiengesellschaft is a Germany car corporation and automaker as well as the largest truck manufacturer in the world. In addition to automobiles, Daimler manufactures trucks and provides financial services through its Daimler Financial Services arm....
 and 36% owned by GM until February 2002, when General Motors sold its stake in the company to DaimlerChrysler. Magna International purchased 80% of the company, under the holding name "New Process Gear", from DaimlerChrysler on September 29, 2004 and continues to operate it.






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New Venture Gear, now Magna
Magna

Magna can refer to:* Magna International, Canada's largest automobile parts manufacturer* Magna paint, the world's first artist acrylic paint developed in 1947...
, or New Process Gear, a division of Magna International
Magna International

Magna International Inc. is a Canada company based in Aurora, Ontario. It is Canada's largest automobile parts manufacturer, and one of the country's largest companies....
, was a joint-venture automobile
Automobile

An automobile or motor car is a wheeled motor vehicle for transportation passengers, which also carries its own car engine or motor. Most definitions of the term specify that automobiles are designed to run primarily on roads, to have seating for one to eight people, to typically have four wheels, and to be constructed principally f...
 transmission
Transmission (mechanics)

Using the principle of mechanical advantage, transmissions provide a speed-torque conversion from a higher speed motor to a slower but more forceful output or vice-versa....
 company set up by General Motors
General Motors

General Motors Corporation , founded in 1908, is the world's second-largest automaker after Toyota, ranked by 2008 global unit sales. GM was the global sales leader for 77 consecutive calendar years from 1931 to 2008....
 and the Chrysler Corporation in February 1990. It was 64% owned by DaimlerChrysler
DaimlerChrysler

Daimler Aktiengesellschaft is a Germany car corporation and automaker as well as the largest truck manufacturer in the world. In addition to automobiles, Daimler manufactures trucks and provides financial services through its Daimler Financial Services arm....
 and 36% owned by GM until February 2002, when General Motors sold its stake in the company to DaimlerChrysler. Magna International purchased 80% of the company, under the holding name "New Process Gear", from DaimlerChrysler on September 29, 2004 and continues to operate it. As of 2007, Magna owns 80% of the plant.

New Venture Gear inherited Chrysler's New Process Gear Syracuse, New York
Syracuse, New York

Syracuse is the fifth largest city in New York State, United States. According to the United States Census 2000, the city population was 147,306, and its Syracuse metropolitan area had a population of 732,117....
 plant and GM's Muncie, Indiana
Muncie, Indiana

Muncie is a city in Center Township, Delaware County, Indiana, Delaware County, Indiana in east central Indiana, best known as the home of Ball State University and the birthplace of the Ball Corporation....
 transmission plant. The New Process plant was renamed to the "New Process Gear Division" of New Venture Gear. New Venture operates a similar operation in Roitzsch
Roitzsch

Roitzsch is a municipality in the district of Anhalt-Bitterfeld, in Saxony-Anhalt, Germany....
, Germany
Germany

Germany , officially the Federal Republic of Germany , is a country in Central Europe. It is bordered to the north by the North Sea, Denmark, and the Baltic Sea; to the east by Poland and the Czech Republic; to the south by Austria and Switzerland; and to the west by France, Luxembourg, Belgium, and the Netherlands....
. The Muncie plant was reverted to GM control, closed its doors in mid 2006, and was turned over to Delaware County, IN.

New Process Gear itself has been in business since 1888.

The company produced the NV 247 all-wheel drive transfer case, sold by Jeep
Jeep

Jeep is an automobile marque of Chrysler. It is the oldest off-road vehicle brand, with Land Rover coming in second. The original vehicle which first appeared as the prototype Bantam GP became the primary light 4-wheel-drive vehicle of the US Army and allies during the World War II and postwar period....
 as the "Quadra-Trac II". The Syracuse location was also the site which produced the original manual transaxle for the Dodge Neon and PT Cruiser (T-350), as well as manual transaxles for Chrysler minivans (T-650 & 750), most of which ended up in Europe.

See also

  • New Venture Gear 3500 transmission
    New Venture Gear 3500 transmission

    The NV3500 is a medium duty 5-speed overdrive manual transmission manufactured by New Venture Gear used by GM and Dodge in compact and fullsize light trucks....
  • New Venture Gear 4500 transmission
    New Venture Gear 4500 transmission

    1992–2005 New Venture Gear Manufactured several versions of the NV4500 5speed truck transmission for General Motors and Chrysler corporation....
  • AMC/Jeep Transmissions


External links