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The Syracuse New Process remained with New Venture Gear. In 2004, Magna International purchased 80% of New Venture Gear from DaimlerChrysler and put it under Magna Drivetrain. [8] Magna purchased the remaining 20% interest in 2007. [9] The New Process gear plant remained property of DaimlerChrysler. Chrysler then leased the facilities to Magna ...
Magna stated the new company would better address the growing importance of all-wheel drive powertrains. [2] In September 2004, [3] Magna acquired the global operations of New Venture Gear from DaimlerChrysler for an estimated price of $435 million, and integrated it with Magna Drivetrain. The acquisition helped establish the newly formed Magna ...
2001–2007 New Venture Gear T850 — 5-speed manual transaxle; 2005–2018 Chrysler NSG370 transmission — 6-speed longitudinal manual; 1962–1993 New Process Gear NP435 — 4-speed longitudinal manual; 1987–1991 New Process Gear NP535 (also known as New Venture Gear NV2500) — 5-speed longitudinal manual
Magna's facilities will support production of Ford's second-generation electric truck, the Canadian company said in a statement. One facility at Ford's campus will make battery enclosures for the ...
In 2002, Magna International announced that it had reached an agreement with DaimlerChrysler to acquire its Austrian-based Eurostar Automobilwerk operation. [26] Magna acquired 80% of New Venture Gear, once a joint venture between General Motors and Chrysler, in September 2004, and combined it into Magna Powertrain. It assumed full ownership in ...
The New Venture Gear 4500, colloquially known as NV4500, is a 5-speed manual transmission manufactured by New Venture Gear and used in General Motors and Chrysler products from 1991 to 2007. The NV4500 is used in light trucks and SUVs including Toyota, Ford, Jeep, General Motors, and Dodge. Commercially produced adapters are available to mate ...
The New Venture Gear 3500, commonly called NV3500, is a 5-speed overdrive manual transmission manufactured by New Venture Gear and used by GM and Dodge in compact and full-size light trucks. It can be identified by its two-piece aluminum case with integrated bell housing and top-mounted tower shifter.
From 1993 to 1995 the New Process NP249 transfer case carried the name. And from 1996 to 1998 the transfer case was manufactured by New Venture Gear with some minor improvements and it was renamed the NV249. Quadra-Trac was the trade name for the Borg-Warner 1305 and 1339 gear cases. It was a chain-drive system introduced in 1973 on the full ...