I don't think the two are related. Chances are you just have a bad ABS sensor and it needs replaced. As far as the transmission, it sounds like the vehicle speed sensor (VSS) is bad. If it isn't working properly, the trans doesn't know when to shift and the speedo doesn't know how fast you are going.
I would have that checked. Has the check engine light ever come on?
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Monday, October 5th, 2009 AT 9:16 PM