If the transmission has a vacuum modulator, could have a ruptured diaphram and fluid has been drawn into the intake manifold and burned in the cylinders, or as my Buick did, a break could have occured in the transmission cooling line and fluid left the vehicle in this manner.
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This is a pretty good description of an engine that has suffered some serious internal damage.
Lost power and smoking translates to "at least one cylinder is not firing properly and the smoke is an indication that oil is getting into the cylinder and then into the hot exhaust.
The big oil leak means that something is broken and oil is leaking out of that spot. Are you sure that is oil? Other fluids (like transmission fluid) can look like oil.
What to do?????? It's time to look at the engine to see where the oil is coming from, and then try to determine why, and what happened, and what repair is needed.
Please don't even consider driving or starting the engine until the problem is identified and repaired, or, and believe me on this, The engine will quickly become a thing of the past.
It means the power steering pump is no longer operating and so providing the required power assistance.
You either have a power steering fluid leak in the system and much of the fluid has been lost or the power steering pump itself has failed. You should not try and drive the car when you have this problem because the steering will be far too heavy to drive safely and because if a fluid leak has run the pump nearly dry you will cause damage to the PS pump.
The first thing to do is check the power steering fluid reservoir in the engine compartment. If it is low or empty you have a leak in the system. You can refill the system with new fluid but it will continue to leak until the leak is addressed and you will have to constantly add new PS fluid. In the case of a major leak the car will not be driveable as the PS fluid will be lost very rapidly. Without fluid you will quickly ruin the pump and you will also have no power assistance in your steering.
You are leaking fluid. Check to see that the hoses don't have residual fluid on them indicating a leak. Also check to see if your water pump isn't leaking out the seal. Another thing to check is the oil dip stick. Make sure the oil looks normal and not watery indicating a crack in the block. These are only a couple of things I would start with.
the transmission is sealed,,i assume your saying that its leaking near the bellhousing as it connects to the engine....if this is where the leak is then the inner seal will need to be replaced...the seals arent expensive but it will cost around 450 to 650 dollars because it will have to be removed...
first thing that needs to be verified is if the fluid is full. Second thing is you will need a scanner to see if you have any codes that might be related. Third thing is it my be time for a rebuilt trans or possible a junkyard replacement. Thats aboutall we can suggest considering we can't inspect the vehicle or look to see if maybe you have transmission leak that would indicate that you lost too much fluid.
If the brake warning light comes on when you apply the brakes,
or is on continuously, it means that hydraulic pressure has been
lost in one side of the brake system or that the fluid level in
the master cylinder is dangerously low (due to a leak somewhere
in the brake system). In either case, the fluid level in the master
cylinder should be checked. Adding brake fluid to the master cylinder
reservoir may temporarily solve the problem. But if there's a
leak, the new fluid will soon be lost and the warning light will
come back on.
Brake fluid leaks are serious because they may cause the brakes
to fail! So avoid driving the vehicle until the system can be
inspected to determine what's wrong. Leaks can occur in brake
hoses, brake lines, disc brake calipers, drum brake wheel cylinders
or the master cylinder itself. Wet spots at hose or line connections
would indicate a leak that needs to be fixed.
Leaking brake fluid can also contaminate the brake linings, causing
them to slip or grab. The uneven braking action that results may
cause the vehicle to veer to one side when the brakes are applied.
Brake shoes or pads that have been contaminated with brake fluid
cannot be dried out and must be replaced.