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NEW VENTURE GEAR INC. (A CHRYSLER CORP./GENERAL MOTORS CORP. JOINT VENTURE) AND ASHA CORP. SIGN RESEARCH CONTRACT

 SANTA BARBARA, Calif., May 12 /PRNewswire/ -- ASHA Corp. (OTC Bulletin Board: ASHA) announced today that it has entered into an important research and development agreement with New Venture Gear Inc. of Troy, Mich. New Venture Gear Inc. is a joint venture of Chrysler Corp. and General Motors Corp.
 The announcement was made by Alain J-M Clenet, president and chief executive officer of ASHA Corp.
 ASHA has developed a new effective technology applicable to transfer case applications.
 This research contract to produce additional prototypes for New Venture Gear Inc. may lead to new agreements.
 ASHA Corp. is a research and development organization dedicated to developing commercially innovative products for the automotive industry.
 -0- 5/12/93
 /CONTACT: Valarie Valencia, secretary/treasurer of ASHA, 805-683-0441/
 (ASHA)


CO: ASHA Corp.; New Venture Gear Inc.; Chrysler Corp.;
 General Motors Corp. ST: California, Michigan IN: AUT SU: CON


MS-LS -- LA021 -- 7629 05/12/93 13:41 EDT
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Publication:PR Newswire
Date:May 12, 1993
Words:152
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