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have owned this 80 for 2 years now , replaced rear-end etc last winter & no probs for months
use it as my daily-driver.
got back into Canada after a motorcycle run to Eureka Springs AR & went to drive my lady home the next morn & it did not want to shift into drive (3rd)
shifts perfect into 2nd but sometimes revs & will not shift into 3rd.
fluid is at the top of the dipstick & looks red & does not smell burned.
i do not run this car hard & find it strange that i have had absolutely no warning that i would have a tranny prob.
Check your vacuum modulator steel line with rubber ends.
My line became unhooked (rubber was worn out) due to vibration.
I crawled underneath and noticed it became unplugged at the modulator end.
(My tranny felt like it was stuck in first gear)
I pushed it back in and all was well!
I had that problem in the past. Changing filter and fluid fixed it for a while, but when the problem recurred twice, I pulled the TH350 and rebuilt it. There was a lot of wear on the input shaft requiring replacement, and the governor bore was worn beyond limits; further the 4-element direct clutch was toast - nearly all the friction material was gone.
I did a high performance rebuild with good input shaft, new steels and frictions, all new bushings, a better intermediate overrun clutch race, upgraded to a 5 disk direct clutch and a Trans-Go shift kit. No further problems.