New Venture Gear

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.

In 1902 Thomas W. Warner formed the Warner Gear Company in Muncie, Indiana, to manufacture automobile parts, steering, and transmission gears. In 1919, General Motors purchased the T.W. Warner Company, including its land and buildings. In 1920 GM reopened the plant under the name Muncie Products to manufacture transmissions and steering gear for their Oakland, Pontiac, Oldsmobile, Chevrolet, and GMC-Truck divisions. In 1932 GM closed the Muncie Products plant and consolidated operations to other divisions in response to the failing economy. The Chevrolet division re-opened the plant in 1935 to build car and truck transmissions. World War II halted non military vehicle production and the plant was converted to serve the US military demand till the war ended. The 1950s and 60s saw expansion and growth. In the 1970s and 80s GM swapped the plant to many different GM divisions ending with Detroit Diesel Allison in 1984 and GM Hydramatic in 1986. In 1990 Hydramatic Muncie plant became part of the GM-Chrysler New Venture Gear. In February 2002 General Motors sold its minority 36% stake in the New Venture Gear company to DaimlerChrysler and the Muncie Transmission plant reverted to GM control. GM changed the plant name to "Manual Transmissions Of Muncie". The T.W. Warner Muncie plant closed in mid-2006 after a Century in operation and the property was turned over to Delaware County Indiana. The GM Muncie Transmission plant was demolished soon after turnover to the county.

...
Wikipedia