Q: When i turn the ignition on and accelerate, the traction light comes on and almost immediately the Engine managmemnt light comes o

asked by on February 07, 2017

Turning the ignition on the car beats fine but as I rev a little over 1000rpm the traction light comes on and almost instantly so does the EML light. Car then sort of goes into a limp mode if i drive it. Loses power, doesnt accelerate instantly and consumes fuel a lot! This is for a BMW 5series e39 523i 2000 model.
My car has an automatic transmission.

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