No, but it could cause higher then average wear on the transmission.
There could be a transmission fluid leak. Check the seals. They may be loose or worn out.
You Check the Transmission fluid by pulling the transmission reseviour dipstick. It is located near the Firewall under the air ducting that goes to the intake. It has loop for a handle.
Add 1/2 quart at a time, until full.
ATF+3
I would assume you will be buying a new transmission, only transmission fluid goes in the transmission.
The output shaft seal has failed and transmission fluid is leaking by, and that would explain the transmission fluid appearing there.
Check transmission fluid level Perhaps change transmission fluid and filter
Mopar ATF +4
It could be due to your transmission about to go out or low on fluid or needing a transmission flush
right above the oil dipstick! Just start pulling things out and if the fluid looks red you have found it!
Transmission slips in and out of gear on and off acceleration, the trans. fluid is burnt, the fluid level is low and the unit has tranny fluid leaks.The vacuumn modulator valve needs replacement if its pulling trans fluid through it and into the intake/exhaust manifold and causing slippage in the trans.
CRY? It's gonna cost You. BUT 1ST Check the transmission fluid, hopefully it is pink or red in color! Next have it towed to you local But Honest Transmission repair shop! Where they will put it on a computer and check it out! it will either be cheap or extraordinarily expensive!