Welcome to the world of owning a ford. after about 130,000 miles your check engine light will come on and stay on unless you reset your comps. but will come back on if the problem is real or the sensor is bad. see ford has it set up so that do it your selfers like me still ahve to pay them money some how. only ford can sell you a new sensor, and only ford knows where it goes. take it to a ford dealership and have the run a digagnostic on your car i bet uit's just a bad sensor.
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check the coolant level, if your blow motor works and your not getting heat the coolant is probably empty, the heat work when the engine gets hot and coolant starts to get hot, from there the blower, blows the excess heat into your car, low or no coolant means no heat
you have a severe missfire thats why the light is blinking
the smoke and sound were the cat converter[s] glowing red hot from the missfire
dont drive it untill the missfire is fixed or youll ruin the cats[if not already] plus a good chance of fire exists
You will overheat the engine if losing coolant.Firstly replace the cap with a new one,Is the engine temperature normal when you stop ? If its over temperature it will still blow out coolant. Check the radiator for blockage of the tubes & ensure the fan belts and water pump are in good order. Worst case is a blown head gasket can test for combustion gases in the coolant
Low coolant means just that, find out if the system is really low or the light is receiving a false signal from the low coolant sensor, just check the level in the coolant recovery tank and the make sure the radiator tank is full, if you are low on coolant then check out why, a leak is probable, most likely a water pump or hose related issue, and no a bad thermostat will not in itself turn on the low coolant light unless the engine boils over and the system becomes low. Remember never ever open a radiator cap on a hot engine, you would be surprised how many professional mechanics get burned this way, be careful..