The New Venture Gear 1500 transmission is a 5-speed unit that is synchronized in all gears. The transmission has a 2 piece aluminum housing which consists of the following components:
| • | The input shaft | 
| • | The mainshaft | 
| • | The mainshaft gears | 
| • | The countershaft | 
| • | The reverse idler gear | 
| • | The shift forks | 
| • | The shift shaft components | 
The NV 1500 transmission is used in trucks with the 2.2 L engine.