work at any speed (rather than only low speeds). Powertrain The third-generation Grand Marquis retained the same powertrain as the 1995-1997 Grand Marquis, with a 4.6L Modular V8 and a 4-speed 4R70W automatic transmission. In a minor revision, several underhood components were relocated, with the power steering reservoir was attached to the engine and the coolant overflow reservoir was relocated onto the radiator (both were located on a fender). In another change, the engine was converted to coil-on-plug ignition along with fail-safe cooling using a dual-speed electric fan. For 1998, the standard-equipment V8 (with single exhaust) was increased in output to 200 hp (from 190). The handling suspension package continued in production, paired with the dual-exhaust version of the 4.6L V8, producing 215 hp. For 2001, the engines were re-tuned to 220 and 235 hp, respectively. A 2.73 rear-axle ratio was paired with single-exhaust engines; as part of the handling package, a numerically higher rear-axle ratio was used. For 2000 and early 2001, a 3.55 rear axle was used; other versions used a 3.27 rear axle. Body design While bearing a strong resemblance to the previous generation, the 1998 Grand Marquis shared only the roof stamping and doors from its 1997 predecessor. Designers revised the front and rear bumpers, squaring off their design. The exterior trim was largely simplified, deleting the chrome trim above the headlamps. The rear fascia is similar to the Crown Victoria but instead uses a red lens panel between the taillights. The grille was restyled slightly as a larger version of the 1995-1997 design. The interior was carried over from the 1995 update, with a two-spoke steering wheel replacing the previous four-spoke design. The chrome trim was deleted from the column-mounted gear shifter and the turn signal lever. For 2001, the Crown Victoria and Grand Marquis adopted radios with an integrated clock function (used by other Ford vehicles since the early 1980s), with the separate digital clock deleted. Fourth generation (2003–2011) For 2003, the Grand Marquis saw an extensive styling update, and the Ford Panther chassis was redesigned for the first time since its introduction for 1979. During the 2000s, Mercury would introduce two additional full-size sedans: the 2003-2004 Mercury Marauder and the 2005-2007 Mercury Montego (rebranded the 2008-2009 Mercury Sable). In addition, the Grand Marquis largely replaced the Ford Crown Victoria in the retail market since the CV was removed from retail sale for the