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I have an 88 Ford Taurus L wagon and something like this is happening to me. The transmission is slipping in and out of overdrive and when it does the "check engine" like goes on briefly. I still have to have it looked at so I don't know about the code. But, my car did not just quit working right away. By the way, this problem just started last week and it does appear to be getting worse.

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Q: If your service engine soon light came on and the code indicated transmission component slipping will your car just quit working right away?
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