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New Venture Gear Overview

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.
The staff at New Venture Gear come from unusually diverse demographic backgrounds. The company is 36.8% female and 42.7% ethnic minorities. Despite its diversity in other areas, New Venture Gear employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 89.1%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. New Venture Gear has great employee retention with staff members usually staying with the company for 3.7 years. The average employee at New Venture Gear makes $50,063 per year. Pay at New Venture Gear is significantly lower than some of its highest paying competitors, like Polaris Industries, Volvo Cars of North America, and FCA Us, which pay $79,020, $68,544, and $61,362, respectively.
Based in the United States, New Venture Gear is a key player in the automotive industry with 3,000 employees and an annual revenue of $300.0M.







Founded in






Organization Type


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The Team At New Venture Gear

Key People
  • Mike Dick (Plant Mgr)

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New Venture Gear Salaries

How much does New Venture Gear pay?
The national average salary for a New Venture Gear employee in the United States is $50,063 per year. Employees in the top 10 percent can make over $108,000 per year, while employees at the bottom 10 percent earn less than $23,000 per year.
Salary Score
Average Employee Earnings

New Venture Gear Salaries By Job Title

The average employee at New Venture Gear earns a yearly salary of $50,063 per year, but different jobs can earn drastically different salaries. The higher paying positions at New Venture Gear include director, commodity specialist, president/owner, and senior design engineer. A typical director salary at New Venture Gear is $152,897 per year. Some of the other roles at New Venture Gear are sorter/packer and assembly line worker. A worker with the title sorter/packer at New Venture Gear earns an average salary of $23,890 per year.
Job Title
Average Salarydesc
Salary Range128k - 181k$153k$152,897
Commodity Specialist
Salary Range116k - 157k$136k$135,774
Salary Range95k - 159k$123k$122,955
Senior Design Engineer
Salary Range94k - 115k$104k$104,226
Product Designer
Salary Range80k - 114k$96k$96,217
Business Analyst
Salary Range75k - 98k$86k$86,422
Salary Range70k - 97k$83k$82,870
Executive Assistant/Office Manager
Salary Range72k - 93k$82k$82,211
Product Engineer
Salary Range69k - 92k$81k$80,547
Salary Range59k - 107k$80k$80,225

New Venture Gear Careers

On average, employees at New Venture Gear stay with the company for 3.7 years. Employees most commonly join New Venture Gear after leaving Metro Chrysler Dodge Jeep Ram. When they leave New Venture Gear, they most frequently get their next job at MAGNA Powertrain.

Average Length of Employment

2.9 years

Top Employers Before New Venture Gear

Top Employers After New Venture Gear

New Venture Gear Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

New Venture Gear Employees Education

Of the 3,000 employees at New Venture Gear, 17.4% attended Onondaga Community College. Employees at New Venture Gear most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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New Venture Gear Employee Political Affiliation

New Venture Gear employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a New Venture Gear employee was by Alexis Herman. Alexis Herman donated $28,175 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Alexis HermanChief Finance Officer
Alexis Herman
Chief Finance Officer
Chief Finance Officer
Democratic Party
Democratic Party
$28,175Democratic Party
Thomas PatrickInvestments
Thomas Patrick
Republican Party
Republican Party
$20,200Republican Party
Thomas JonesManagement Consultant
Thomas Jones
Management Consultant
Management Consultant
Democratic Party
Democratic Party
$17,300Democratic Party
Alyssa LovegroveFounder And Chief Executive Officer
Alyssa Lovegrove
Founder And Chief Executive Officer
Founder And Chief Executive Officer
Democratic Party
Democratic Party
$9,200Democratic Party
Laura DavisExecutive Director
Laura Davis
Executive Director
Executive Director
Democratic Party
Democratic Party
$7,450Democratic Party
Katherine HubbardProject Director
Katherine Hubbard
Project Director
Project Director
Democratic Party
Democratic Party
$6,456Democratic Party
Diana Foster JonesEducator
Diana Foster Jones
Democratic Party
Democratic Party
$6,200Democratic Party
Mark MastrovChairperson
Mark Mastrov
Democratic Party
Democratic Party
$5,000Democratic Party
Jordan FudgeProducer
Jordan Fudge
Democratic Party
Democratic Party
$4,050Democratic Party
LIZ RyanAdvocate
LIZ Ryan
Democratic Party
Democratic Party
$3,575Democratic Party
Show More

New Venture Gear Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.


$100M - $1B

Founded in


Organization type


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New Venture Gear Competitors

Based on our research, similar companies to New Venture Gear are Polaris Industries, Volvo Cars of North America, and FCA Us. The average salaries at Polaris Industries rank the highest, with their employees earning an average salary of $79,020 per year. The employees at Volvo Cars of North America earn an average yearly salary of $68,544 per year, and the salaries at FCA Us average $61,362 per year.
Average Salarydesc
Polaris Industries
Salary Range61k - 100k$79k$79,020
Volvo Cars of North America
Salary Range50k - 92k$69k$68,544
Salary Range45k - 81k$61k$61,362
Yaskawa America
Salary Range44k - 82k$61k$60,508
Fenner Dunlop Holdings
Salary Range42k - 79k$58k$57,867
AM General Holdings
Salary Range42k - 77k$57k$57,366
Salary Range41k - 79k$57k$57,271
Cannondale Bicycle
Salary Range41k - 77k$57k$56,835

Flow Control Us Holding

Salary Range40k - 78k$57k$56,684


Salary Range41k - 77k$57k$56,607

Frequently Asked Questions about New Venture Gear

How many Employees does New Venture Gear have?

New Venture Gear has 3,000 employees.

How much money does New Venture Gear make?

New Venture Gear generates $300.0M in revenue.

What industry is New Venture Gear in?

New Venture Gear is in the automotive industry.

Who are New Venture Gear's competitors?

New Venture Gear competitors include NSI, Mitsubishi Elec Auto, Cord Automotive International, AM General Holdings, Polaris Industries, Yamaha Motor, Nissan North America, CNI Inc, Volvo Cars of North America, Newmar, Flow Control Us Holding, FCA Us, duPont REGISTRY, Bridgestone Tires, Blendtec, Brp Us, Cannondale Bicycle, Yaskawa America, Trico, Fenner Dunlop Holdings.

Who works at New Venture Gear?

Mike Dick (Plant Mgr)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of New Venture Gear, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New Venture Gear. The employee data is based on information from people who have self-reported their past or current employments at New Venture Gear. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of New Venture Gear and its employees or that of Zippia.

New Venture Gear may also be known as or be related to NEW VENTURE GEAR MFG GMBH, New Venture Gear, New Venture Gear Inc and New Venture Gear Manufacturing GmbH.