The composite (plastic) intake manifold may crack near the thermostat housing and cause a coolant leak. Ford released an updated manifold that was reinforced to prevent a recurrence. No recall was issued for this problem but Ford did extend the warranty to seven years on some models from the date of purchase.
Problems for specific Mercury Grand Marquis years:
Car problem reports
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Most reported 1998 Mercury Grand Marquis problems
A spring in the seat belt buckle may wear or fail, causing the airbag light on the instrument panel to illuminate. Failed buckles will require replacement.
The engine may overheat at idle when the AC is on. A new, upgraded fan motor and resistor may be required to correct this concern.
The alternator may get too hot, causing premature bearing failure.