Well, No and Yes! Obviously nothing should be leaking out of your power steering system but interestingly Adam's 1966 Ford Mustang's power assisted steering system was designed to work with transmission fluid, which when fresh, should be a bright cherryade pink colour and have a slightly sweet smell. If it is brownish and smells slightly burnt then it definitely needs changing and you may have a bigger issue that needs fixing. In this particular case, the Mustang's factory fitted power assisted steering system has rather a big leak and my job is to work out exactly where the fluid is leaking from and then how to fix it so Adam can safely drive and park up his car without his power steering fluid pouring straight out onto the floor. The question is, will fixing the leak give our American muscle car better steering?...