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I have a 97 T5 (high pressure turbo) and it too, reads about 2:30/2:00. It has never overheated, even in the hot summer sun. There are at leat two different thermostats, depending on where you look. One opens sooner, I want to say at 186 or something, and the other at 190, not exactly sure on temps. I believe the turbo gets the one that opens earlier, I'll have to go back and look. I have a feeling I have the warmer thermostat. Perhaps you suffer the same ailment. Either way, I've never experienced any problems with overheating. I believe the wrong thermostat can cause variences in mpg and emissions. Anyone with any other info on this would be a great help to me as well! Good Luck.
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