Burning rubber smell under hood and in cabin.

by Marty
(Naperville Illinois United States)

C5 1999 Corvette. Getting onto expressway and moving through the gears and noticing gears 4 and 5 slipping. Awful rubber burning smell pulled off road couldnt see anything. Now even when I idle the smell comes back. I found a plastic screw from center of alternator pulley hanging out and pushed back in. No grippage. Dealer says there is a main pulley at base of engine that has a rubber gasket that is wearing out and is slightly wobbling. Also says I may need new belts...all original with 38000 miles. Also replaced fan blower and motor because it was smoking and burning just recently. What do you think is the cause of the burning rubber smell? Help!

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