Thanks. A sticking solenoid sounds better then a failing transmission. If this is the case, is it worth just switching out the solenoid, or should I have the tranny rebuilt while the mechanic is in there? My son commutes about 300 miles every third or fourth weekend and he'd hate getting stranded.
5R55S 5-speed automatic has
eight solenoids, one each for shifts 1-2, 2-3, 3-4, 4-5, three for hydraulic pressure control, and one to engage/release the Torque Converter (lock-up) Clutch.
If only one of them is indicated as faulty, they may NOT be individually replaced as in earlier transmissions, but are all 8 molded-in to a "module" which is easily removable from the Control Valve Body, and replaced. (parts new about $300).
Three externally transmission-case-mounted speed sensors feed shaft speed data to the PCM (computer) whenever the transmission is in operation. The shafts involved are the Turbine (or torque converter output, or, trans. input, if you prefer), Intermediate Shaft (planetary sun-gear speed), and Output Shaft (or, driveshaft). Comparing relative speeds among these shafts allows PCM to determine, based upon each gear range, and T.C. Clutch demand, whether anything is amiss and causing inappropriate shaft speeds to be present. The "OD OFF" light flashing on/off was chosen as a means to alert the driver of a fault existing, which is unrelated to emissions-control, and therefore does not warrant an immediate MIL (Check Engine) light to be locked-on permanently (until problem fixed, or code deleted from PCM). This is actually a marvelous self-diagnostic system which can "catch" and often prevent a catastrophic failure.
Shifting problems (slippage, missed shifts, etc) are often driver-detectable. T.C. clutch problems are less driver-obvious, and hydraulic pressure control faults may cause a myriad of problems. You really need to record the code(s) generated to make any further decision-making realistic. imp