And here's some info I found posted elsewhere with similar issues on an '03:
April ‘03
Our 2003 Thunderbird has just over 3,000 miles. The
shift indicator goes to an "E" after five miles or so of driving. It does not flash. If you turn off the engine the correct gear position will be shown for the next five miles or so on restart.
Owners manual states that a "E" may appear due to errors, a flashing "E" should be towed to the service department. All we have experienced is the solid "E" in place of the gear indication. When the "E" is present it is there regardless of SST or regular automatic positioning of the gear shift lever.
First repair was to replace the sensor module that detects the gear position for the automatic. Ford tech drove about five miles and the "E" was back.
Ford Technical support has now indicated the issue is the dash cluster. A new one has been ordered, it must be programmed with the vehicle mileage by Ford before being shipped to the dealer. The car has now been at Ford Service for 11 days. Dash cluster may be shipped to arrive Thursday and installation will take two or three hours.
Local Ford Tech is concerned this is a "Best Guess" by Ford and the problem may still exist.
RESULTS:
Well, The
instrument cluster has been installed, 2 error codes are gone, but 1 code has appeared.
Looks like the
Instrument Cluster removed an error that has covered up the real issue.
Problem seems to be either the torque converter clutch or the Transmission valve body. Dealer is currently on the phone with Detroit to see if they can isolate the problem to a specific problem that can be repaired.
So the 2003 Thunderbird has been in the shop effectively for three weeks and now it will continue.
Only error indication that we have seen so far is the "E" in place of the gear position indicator.
AND THEN:
Well we got the car back today. 28 days total for analysis and replacement of the transmission valve body.
There is a TSB for 2003 Thunderbirds and the final repair is to replace the valve body. 50400 - DRIVELINE OTHER AUTO TRANS CONCERNS IS THE TITLE NUMBER 16893 SEEMS TO BE THE DESCRIPTION OF THE ISSUE. It contains the serial numbers of concern and what needs to be replaced. The car performs better with the new valve body. The original shift pattern seemed to pull a lot to timing from the engine between shifts. Very noticeable. Now the car performs like you would expect a HP sports car to perform. So maybe replacing the valve body will be a benefit. Only time will tell.
So you are not alone.,...I hope some of the data I posted helps you with more cost effective resolution.
Let us know please, how you make out,
George