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The gauge is working fine, the turbo will not kick in untill the engine is spinning fast enough, as the turbo is propelled by exaughst from the engine. So, you can drive around normal and never use the turbo, and climb in the gas and spool the turbo up, what you are noticing is called turbo lag, which is the biggest down fall when compaired to superchargers!
First off, I have a 1987 Supra non-turbo and I have seen a similar problem on my car. Probably one part of the two part speedo cable has broken, or the speed sensor has failed. The speedo cable turns a speed sensor which is part of the speedo gage cluster. The signal right now from the speed sensor to the computer is probably zero so the PCM thinks the car is stopped. The PCM has a limit on how high the engine will rev while the car is not moving. This is also the "limp home mode" max rpm in case the speed sensor fails. So if you fix your speedo/speed sensor, I think the acceleration problem will go away. The cable is in two parts--a "lower cable" which goes from the tranny to a junction and an "upper cable" which goes from the junction to the speedo. You will need to determine which cable is broken or if the speed sensor itself has a broken part.
To check the cable, find the junction under the car on the passengers side and disconnect it. The cable frequently breaks right at this spot. You will be able to turn the upper speedo cable by hand and have a partner listen/look for results on the speedo cluster. If the cable checks out, you may have to pull the instrument cluster to check what is wrong with the speed sensor.
Secondly, the flashing O/D light is signaling you that there is a trouble code waiting (probably for the transmission which also needs a speed signal). You can obtain trouble codes from the PCM via the diagnostic connector in the engine compartment. The connector is on the driver's side of the compartment just behind the fuse box. It is labeled "diagnostics". Using a paper clip or a hair pin and a jumper wire, connect the terminals "T" and "E1". (there is a guide to the terminals on the inside of the plastic flip cover.) Turn the ignition to on but do not start the car. The check engine light will start flashing two digit codes. (Four flashes followed by two flashes=Code 42= speed sensor signal lost.) There will be a pause then the next code. At the end of the codes, it will start repeating the sequence of codes again until you turn off the ignition. If there are no codes, the check engine light will just flash continously once every second. Don't forget to remove the diagnostic jumper before starting or driving the car.
britty1411: According to Toyota
API: SG multigrade or better. 10W-30 above 0 f
Personally I put Castrol 10W-30 GTX in most of my customer cars unless they want to go synthetic.
Use a good quality oil filter.
The intake valve guide seals are worn and are letting oil slip by under high engine vacuum--as when you let up on the gas. The only fix is to take the cylinder head off and replace the valve guide seals. This problem is pretty normal for an older car with high mileage. It will probably run just fine. Just keep checking the oil level and keep it topped up.
I have the same problem with my 95 Toyota T100. My O/D off light started flashing when my speedometer cable broke this week-end. I assume the electronic transmission is using the speed data to manage the overdrive.
Have your speedometer problem fixed and your flashing light will turn off.
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