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Issue with Nissan Micra losing power in 4th/5th gear. ?

I have a 1998 Nissan Micra, 1.0L, 90,000 miles. It has been working fine but recently it has began losing drive at about 40mph. There is no acceleration and there seems to be a slight burning rubber/plastic smell. The car drives fine for first 10 minutes of a journey then this issue kicks in. Any idea guys?
Andrea, June 2012
clutch slipping hence burning smell ??

GHOST, June 2012
link Click here to see other fixes for Nissan Micra.