The New Venture Gear 1500 transmission is a 5-speed unit that is synchronized in all gears. The transmission has a two-piece aluminum housing which consists of the following components:
| • | The front output shaft |
| • | The rear output shaft |
| • | The mainshaft gears |
| • | The countershaft |
| • | The reverse idler gear |
| • | The shift forks |
| • | The shift shaft components |