The apparatus of the present invention includes a hydrostatic retarder pump and motor. The apparatus includes a housing rotatably supporting a shaft. The shaft includes a first eccentric portion and a second eccentric portion. A plurality of pistons are disposed within the housing and are engageable with the first eccentric portion. A plurality of valves are also disposed within the housing and are engageable with the second eccentric portion. The plurality of valves are configured to selectively connect the plurality of pistons with a low pressure accumulator or a high pressure accumulator. The rotation of the shaft may be implemented to drive the plurality of pistons and thereby transfer hydraulic fluid from the low pressure accumulator to the high pressure accumulator such that resistance is applied to the shaft and vehicle output is retarded. Alternatively, hydraulic fluid from the high pressure accumulator may be implemented to drive the plurality of pistons and thereby power the vehicle.