The document discusses the torque converter, which transfers torque from an engine to a transmission input shaft. It has three main parts: an impeller, turbine, and stator. Torque converters use fluid coupling to multiply engine torque without a direct mechanical link. Originally, fluid coupling led to a problem, but introducing a stator solved this issue. The torque converter operates in two phases - a torque multiplication phase using stator locking and a coupling phase with freewheeling stator. It finds applications in automatic transmissions and industrial power transmission. A limitation is that it cannot be used with manual transmissions due to its complex fluid coupling design.