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TYPICAL 4.6 VALVE SEALS/GUIDES. This problem has been going on since 92' when they came out with the engine. BRING BACK THE 5.0!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Mine has done that from about 200 miles, 5500 now. Dealer insists it is steam (condensation)not smoke. I parked the car there overnight it was the next afternoon about 90 degrees outside, 20 seconds after it start out comes the smoke. They look, sniff, and say it doesn't have any smell to it, it's not smoke. Two dealers later, everyone I asked not employed by Ford says it's smoke, everyone with a Ford shirt says it's not. ?