|
|
Article: Hot trucks fuel growth by New Venture Gear ;Supplier adding customers, capacity.
- Article from:
- Automotive News
- Article date:
- November 29, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SYRACUSE, N.Y. - No clouds in this supplier's crystal ball: New Venture Gear will have more capacity, new technology and a few more European customers in its pocket by 2001.
The fortunes of the Troy, Mich., joint venture between DaimlerChrysler and General Motors are rising with North America's feverish demand for trucks.
The company says it will supply 2.8 million manual transmissions and four-wheel-drive transfer cases this year, mainly to U.S. automakers. But more customers are knocking on its door. New Venture Gear expects to build 3.5 million transmissions and transfer cases in 2001.
The firm has won contracts to supply some models built ...