Help!
if you have a manual transmission then it is likely a slipping clutch,
if an automatic transmission then it can easily be clutches in that or the torque converter.
the oem 10 bolt rear axle in these cars are notorious for going out after 50k miles, just a fact of life having a 300+ hp v8. the rear axle cannot slip, except for spinning tires and losing traction.
rear axle rebuilds are hit or miss, lot of people have the ring & pinion replaced only to still have a noisy singing rear axle so do some research for competent rear axle shops.

