I have a BMW 320 Sport. Recently the traction control light came on as well as the red ABS warning lights, this was followed by a loss of power and the cruise control not working. I stopped off of the motorway and they the problem seemed to clear with only the traction control light coming on intermittently.
but now the light is on nearly all the time, it feels like the ABS brakes are being applied as there is a loss of power and it feels like the brakes are on. I have been told this is more than likely a sensor on the wheel gone up the creek. Does anyone have any ideas what this could be as the car is pretty much unusable in its current state.