By Nat Shirley
Thursday, Jan 19th, 2012 @ 2:15 pm

It’s official: Hyundai is currently hard at work developing an automatic transmission with no less than 10 gears.

Hyundai representatives revealed the news to Car and Driver but were tight-lipped when it came to discussing when the gearbox might arrive and which cars it will be used in.

Previous rumors suggested that the amply-ratioed transmission could hit the market in 2014, possibly in the brand’s Genesis and Equus luxury sedans. C & D, however, speculated that the autobox could make its way to the Elantra and Accent in order to boost the small cars’ already respectable EPA numbers even higher.

Transmissions have been gaining gears at a rapid clip in recent years, and it remains to be seen when automakers will call it quits on what must surely be a game of diminishing returns. If the news from Hyundai is any indication, however, don’t expect the proliferation of almost semi-like gearboxes throughout the industry to stop any time soon.