The tie rod boot might have liquified grease in it.
(If your engine is leaking oil underneath, motor oil might be in that boot.)
Grease is made of oil & soap, and these two can and do separate over time, and with heat.
I looked up your car, and it has no hydraulic fluid connected with the steering.
The rack & pinion is electric, and the only wear will be sloppy joints due to its being worn out, or electric motor failure.
I applaud your attention to good car maintenance..
SOURCE: 2004 ion 2 quad coupe,the electric power steering goes out.
GM has just came out with a recall for this problem. It involves the power steering motor. You will get a notice in the mail if your car is involved.
SOURCE: leaking excessive amounts of power steering fluid
you Could find a new or rebuilt rack for two or three hundred bucks plus about two hours of labor. Then you will need to have a wheel alignment. So around $500-$600 total. Good Luck.
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