A transaxle and a parking actuator assembly are provided. The parking actuator assembly may include an actuator, a rack, and the biasing member. The actuator may include a pin biased towards an extended position. The rack may be configured to carry a parking rod and may define first and second ramped recesses each configured to receive the pin. The biasing member may be coupled with the rack and may be configured to bias the parking rod towards engagement with a parking mechanism.