the gearbox generally stood for “Economy”, a term used to identify a particularly long gear ratio designed for travelling while consuming less fuel.
This solution was found especially on some European cars between the 1970s and 1980s. In certain models, the E practically replaced the normal numerical indication of the last gear.
The principle was simple: once a suitable speed was reached, the driver would engage Economy gear to allow the engine to work at a lower rev number .
How the Economy Gear Worked
E gear had a long ratio,