Upon exiting off the freeway and accelerating onto a busy 3 lane street, my vehicle engine began revving and had no power. It acted like it had been shifted to neutral. I shifted to a lower gear and it caught and allowed me to get enough power to coast to a parking spot off the busy street that had no shoulder to pull a non working vehicle to. I was nearly rear ended because of the loss of power so suddenly. I was fortunate that I had just got off the freeway or it could have been much worse. I read on line that the 2001 and 2002 Acura MDX has had a common problem with transmission failure. At a quote for repair of $5,400 this is a major issue as I am a full time student. Of greater concern is the safety issue that I could have been rear ended and caused a major accident. The dealer offered $500 off as concession that there is a "known" problem with the 2001 and 2002 transmissions. Prior to the transmission failing, I was only offered $2,000 as trade in value towards a new vehicle.

- San Diego, CA, USA