New Venture Gear

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 of the Great Depression.

[5] 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.

Warner Muncie plant closed in mid-2006 after a century of operation and the property was turned over to Delaware County Indiana.

[10] This lease arrangement made it difficult to compete with the European manufacturing operation Magna directly purchased located in Roitzsch, Germany.

In 2009, design and engineering services were moved to Troy, Michigan, and Magna International announced its intent to close the Syracuse plant.

[13] After 124 years in operation, on Thursday, August 24, 2012, New Process Gear ended production and closed their doors for the last time.