Abstract: A cone disk transmission, particularly for motor vehicles, has an infinitely settable and variable ratio. The transmission uses two pairs of cone disks (2, 3), connected by a coupling belt or chain (24). On cone disk of each pair is axially displaceable, and selectively positionable against the traction element running between the cone pairs by a hydraulic positioning system, for generating engagement or gripping or clamping forces. The positioning pressure is controlled by pressure fluid derived from a spool valve (10). Torque sensors (16, 17) located on the transmission shafts throttle return flow of hydraulic pressure fluid from the control valve, as a function of load. In accordance with the invention, the torque sensors are immediately activated as a function of the intended operating state of the transmission, that is, the direction of transfer of power between the pairs of cone disks, by coupling both of the torque sensors to a transfer valve (FIG.