87 300TDT Turbo spool up LOUD whine, engine runs but sluggish.
I have a 1987 300TDT with 119,000 original miles bought a year ago from the original owner. Yesterday while accelerating abruptly in traffic I heard a loud wind up sound (like the turbo was out of control), a loud "clink" sound from under the hood, and a puff of grey smoke followed- all within a 2 second range. The rest of the way home (about 8 miles) there was a lack of power and that same wind up sound- only in the range that the turbo would normally kick in: My question is of course... What is it and how to fix it? this is the 603 Diesel 3.0L 6cyl.