Mercon ULV - anyone know anything?

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Ultra Low Viscosity, I suppose.

Question: Is the transmission mentioned here a real 10 speed; possibly a 5 speed with some kind of multiplier?

I'm assuming that it's a CVT with 10 "preferred" rev/torque combinations.
 
Yes, ULV stands for Ultra Low Viscosity. The 10R80 is a real 10 speed automoatic transmission. Not a CVT, no multiplier, it is a 10 speed. It is currently being used in the new Raptor and I think will expand to other offerings soon. I was looking through the catalog and there are all sorts of clutch packs in this thing.
 
It's going to be mated to 4 of the 5 engine options in the 2018 F-150
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