Ford Thunderbird owners have reported 2 problems related to coolant leaking (under the engine and engine cooling category). The most recently reported issues are listed below. Also please check out the statistics and reliability analysis of Ford Thunderbird based on all problems reported for the Thunderbird.
Blown head gasket--engine coolant leaks--as these engines have a documented history of being defective.
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all problems of the 1996 Ford Thunderbird
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Timing chain cover gasket replaced under recall in 2000 , suppose to stop coolant leak, but mechanic now reports the problem is head gasket, common to Ford's 3. 8 v6.