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What is New Venture Gear mean?
New Venture Gear, a division of Magna Powertrain, 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 US automakers. General Motors and Chrysler Corporation were the participants. Operation and management of Chrysler's New Process Gear Syracuse, New York, plant and GM's underutilized Muncie, Indiana, Hydramatic transmission plant were shifted to New Venture Gear Company.
referencePosted on 02 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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