One problem related to transmission failure has been reported for the 1998 Chevrolet Prizm. The most recently reported issues are listed below.
1st time: automatic transmission failure, total internal, at around 63000 miles, early summer 2000. Called Chevrolet for request assistance for repair, request denied. Maintenance done per schedule. Replaced with used transmission with 6000 miles on it. 2nd time: automatic transmission failure, internal. Reverse and neutral go forward. About 132900 miles on car. November 2003. Car set in neutral nearly hit closed garage door. Maintenance done per schedule. Overhauled/rebuilt at transmission repair shop.