Well not rev-limiter par say, but it just bounces, you get the "rng rng rng rng" like the engine revs up really fast right before it is supposed to shift and just starts bouncing at the high rev. And as far as the trans fluid goes it appears to be fine, I'm not sure where the smell would be coming from, but the car just seems really boggy. I mean the car is a POS already, but I'd kind of like to keep hold of it for as long as I can.