Hi,
here some little facts/history about ATF transmission oil, source "Automotive Lubricants Reference Book", Caines/Haycock.
The first transmission comparable to present automatic type was Oldsmobil Safety Transmission of 1937, superseeded in 1939 by the first fully automatic transmission, the Oldsmobil Hydromatic. Following problems after recommendation for the use of engine oil as the working fluid, a new type of fluid with better low-temperature characteristics was designed by GM research togehter with Mobil. Buick pioneered the replacement of a simple fluid coupling with a torque converter type called Dynaflow in 1948 very similar to those of today. Similar transmission were developed by GM, Ford and Chrysler.
With the introduction of the torque converter more heat was generated in the transmissions and an improved type of fluid was required. In 1949 GM issued their "Type A" specification for a fluid, which in turn was succeeded by "Type A Suffix A" in 1957, which is the MB recommendation for our transmissions.
These were initially the standard specifications for transmission fluids, but Ford in 1960 and Chrysler in 1964 issued their own specifications while GM again introduced an improved fluid known as DEXRON in 1967.
Ford's and GM's fluids have been upgraded several times mainly in terms of improved oxidation and stabilty requirements, with the Ford fluid initially having significantly different frictional characteristics from the GM fluid. But more recent changes brought their fluids more in line with those of GM. Following complaints of "clunk" on low-speed changes, Ford modified their policy in 1978 and introduced a friction-modified fluid which was later called MERCON. There are now only minor differences between frictional requirements of GM's DEXRON II and III specifications.
At the present time ATF are normally petroleum based although synthetic varieties exist. A complex blend of additives is required to meet the various specifications as oxidation, corrosion and rust inhibitors, metal deactivators, anti-wear and seal agents, viscosity and friction modifiers and dispersants. It can be seen that an ATF is more complex than that of a motor oil.
...WRe