A transmission includes a housing, an input shaft, a transfer shaft, a first and second transfer members, a continuous transfer member, a drive shaft, and a torque transmitting mechanism. The input shaft and transfer shaft are each rotatably supported by the housing and are parallel to each other. The first transfer member is connected for common rotation with the input shaft. The second transfer member is connected for common rotation with the transfer shaft. The continuous transfer member is engaged with each of the first and second transfer members. The drive shaft is disposed coaxially and partially covered by the transfer shaft. The torque transmitting mechanism selectively connects the transfer shaft with the drive shaft.
