One problem related to overdrive light on has been reported for the 2001 Ford F-150. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2001 Ford F-150 based on all problems reported for the 2001 F-150.
While driving 45 mph overdrive light illuminated, transmission slipped while shifting from second gear to third gear and from third gear to fourth gear. Also, there was hesitation and rpms increased. Dealer replaced transmission with a rebuilt one.