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 |  Feb 02 2012, 12:02 PM

While many automakers are developing new transmissions with more and more gears, Honda is investing in a tried and tested transmission platform, the continuously variable transmission or CVT.

Honda announced yesterday that it will be investing $98 million at its Anna, Ohio, engine plant to build advanced pulley components for the automakers new CVT transmissions. These CVT transmissions will first debut in the 2013 Honda Accord and will also eventually find their way into CR-V as well as Civic. Paired with the new “Earth Dreams” 2.4 liter direct injection engine, the new CVT will help Honda’s midsize cars claim 10 percent better fuel economy compared to the current five-speed transmission.

This investment is in conjunction with a $120 million investment made last year into the Russells Point, Ohio transmission plant where the new CVTs will be produced starting in 2013. Honda said that Ohio is a very important production center for its North American operations having invested $500 million since November of 2010. ”For decades, our two Ohio powertrain plants have worked together to deliver advanced products for our customers,” said Hide Iwata, president and CEO of Honda of America Mfg., Inc. “The production of this new CVT technology puts the Buckeye State right in the middle of Honda’s global strategy.”

Honda is working hard to introduce a new line of engines and transmissions to make their product offerings more fuel efficient.