| Industry | Vehicle Transmissions |
|---|---|
| Predecessor |
|
| Founded | 1990 |
| Founder | |
| Defunct | August 20, 2012 |
| Fate | Dissolved |
| Successor | Magna Powertrain |
| Headquarters | , |
| Parent | Magna Powertrain |
New Venture Gear was an automobile and light truck transmission company that was started in 1990 as the first-ever joint venture between any of the Big Three U.S. automakers. General Motors and Chrysler Corporation were the participants. Operation and management of Chrysler's New Process Gear plant in Syracuse, New York, and GM's underutilized Hydramatic transmission plant in Muncie, Indiana, were shifted to New Venture Gear Company.[1]