Powertrain
| Engines | ||||
|---|---|---|---|---|
| Engine Name | Displacement | Horsepower | Years Available | Notes |
| Lima SOHC inline-4 | 2.3L | 100 hp (75 kW) | 1986–1987 | |
| Cologne OHV V6 | 2.8L | 115 hp (86 kW) | 1986 | The Aerostar was the last North American Ford to use this variant of the Cologne V6. |
| Vulcan OHV V6 | 3.0L | 145 hp (108 kW) | 1987–1997 | The Vulcan V6 was the only engine for 1988-1989. |
| Cologne OHV V6 | 4.0L | 160 hp (119 kW) | 1990–1997 | This engine was mandatory with the E-4WD option. |
| Transmissions | ||||
|---|---|---|---|---|
| Name | Manufacturer | Type | Years Available | Notes |
| TK5 | Toyo-Kogyo (Mazda) | 5-speed manual | 1986–1987 | |
| M5OD | Mazda | 5-speed manual | 1988–1995 | The manual-transmission option for the Aerostar was dropped after 1995 |
| A4LD | Ford | 4-speed automatic | 1986–1995 | Available with both engines. |
| 4R44E | Ford | 4-speed automatic | 1996–1997 | Available with the Vulcan V6 only. |
| 4R55E | Ford | 4-speed automatic | 1996 | Available with the Cologne V6 only; replaced in 1997 by the 5R55E |
| 5R55E | Ford | 5-speed automatic | 1997 | Available only with the Cologne V6; this was the first 5-speed automatic in a minivan. |
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