A transmission is provided having a stationary member, an input member, an output member, four planetary gear sets, a plurality of coupling members and five torque transmitting devices. Each of the planetary gear sets includes first, second and third members. The five torque transmitting mechanisms are selectively engageable to interconnect one of the first, second, and third members with another of the first, second, third members, and a stationary element. The torque transmitting mechanisms are selectively engageable in combinations of at least three to establish at least eight forward speed ratios and at least one reverse speed ratio between the input member and the output member. A first of the five torque-transmitting mechanisms is a selectable one-way clutch engageable to interconnect the third member of the fourth planetary gear set with the stationary member.