Not sure about the later models or the GTP's, but on my 97 GT, it utilizes the ABS sensors; when a tire's pressure drops, it's circumference changes also, the system looks for a variation in wheel speed and determines that one of the tires must be low on air--if all the tires are low, it'll never let you know it because they are still spinning the same speed.
That's why it can take 10-20 miles to determine if a tire is low
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Jim
Jackson, TN
(The heck with it, I'm losing the 6 and going with a SBC!)
Jim\'s Place