One problem related to automatic transmission control module has been reported for the 2001 Ford Mustang. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2001 Ford Mustang based on all problems reported for the 2001 Mustang.
Traction control light on dashboard came on, and suddenly abs locked up for a couple seconds while vehicle was just being driven out of a parking lot. Consumer contacted manufacturer, and was informed that Ford was aware of problem.