The ATX's in the 2.0L cars are especially bad for the 94-97 vehicles. This is the tranny coded the CD4E for those not aware. Unlike the rest of the cars mechanicals, this is a Ford transmission. The 93 2.0's and all the GT's have Mazda's 4EAT transmission.
The CD4E was a brand new design for 1994. The Probe is one of the cars unfortunate enough to get its debut. There are also many reasons why these go bad, and not just one major problem. The most common problem is pump failure. Basically, when the pump dies the transmission overheats and is quickly killed! There has also been problems with the drums cracking, and the pump gasket in 94's and some 95's failing and clogging the valve body.
Since they redesigned the TSS sensor, I am assuming this was a reliability problem as well. The change made it "fit" better on the pump.
Yeah, I know too much about this tranny but mine died at 11,000 miles and I decided to try and figure out the problems. What happened was pump failure, which cause it to overheat. The lubricant broke down and killed the bearings. It all was fixed on Ford's tap fortunately!
In short, Ford just doesn't have the bugs worked out of these things yet and us unfortunate Probe owners (along with Countour/Mystique, Cougar, and now Escape/Tribute) owners have to put up with them!
1997 Probe "16V" SE
NGK Plugs, K&N filter, Eurospec 16V emblem, GT fogs, and hopefully more soon...