I don't know much about the autos, but I know that low oil pressure will cause them to slip, because they are hydraulic transmissions. The link below explains the operating principles of the Hondamatic transmission.
http://www.motorsports-network.com/honda/201atv/rubcon01/tranny.html
http://www.motorsports-network.com/honda/201atv/rubcon01/tranny.html