I think we all should complain to NHTSA,
This is a safety problem. If the hose breaks and engine locks up in a intersection someone could get killed. It is also a fire hazzard. Not to mention what all this leaking oil does to earth! This may force a recall.
Just beware of the following trouble spots: alternator, dexcool sludge (coolant), leaky oil cooler lines, rusty trans dipstick, faulty trans valve body (slamming), worn driver's door hinges, noisy belt tensioner, premature wear on ball joints, idler and pitman arm, erratic wipers, front differential leak, shifter button rattle, premature wear of brake rotor (frt./rr.), and some reports of leaning suspensions and inability to maintain alignment.
And yes, I maintain my vehicles... which is why I do not expect a major driveline failure, unless there's yet another GM design defect I haven't uncovered.
My advice: buy the extended warranty. A good investment on '95-01 S-trucks.
Check this link for a GM warranty: http://www.gmwarrantycentral.com/
Don't buy a third party warranty... too much grief, in my opinion.
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