Let's be carefull out there
Join Date: Jan 2006
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is registering a fault hence the light, and is putting the car into safe mode which restricts the revs / gears.
There has been past problems with a hydraulic distribution solenoid. Also it is hard for the diagnostic machine to pick up the fault if it is not present when testing.
Currently in chris m's garage:
2000 Scenic 2.0 16v Monaco, BMW 3 Series, Pug 206