2004 wrx, I just got done installing coilover, took it for a drive. Making crank noise and speed is not picking up, rpm keep reving, smell of burn rubber, help, please
You're probably rubbing your tire on something in a bad way. I'd recommend having it towed to a place that can align it properly. I recommend Samaritan Tire in Minnetonka.
Another great resource is Jeff the Alignment Guy, he can also do corner weighting, etc. You're going to want to make sure you've got the other issues ironed out before you bring it to him.