A weak battery or low battery voltage can cause the transmission to enter into fail safe mode. This will cause a loss of power because the transmission will be locked in third gear.
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Battery when dead a few days later. I replaced the battery and no more problem, tho I didn't know it would correct the power problem.
Just after I purchased this car used I found that sometime it would stay in third gear. I replaced the battery and the problem was completely resolved.
My car started sticking in 3rd gear when I would start it cold or hot and the O/D light would flash, I also noticed that it was sluggish to turn over when starting which indicated a bad battery. Fortunately I read on this site that others had a similar problem and fixed it when the battery was replaced, I replaced my battery and the problem stopped. Thank you for posting this information and saving me time and money.