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BMW 5-Series Transmission Questions

in BMW
My 1987 535is has an automatic transmission. Some type of intermittent electrical problem causes the transmission to always remain in 3rd gear (no shifting whatsoever) whenever this small warning light appears under the speedometer. When the light is on, it stays in 3rd gear continually. When the light is off, the transmission works fine. Anyone else out there ever experience this? If so, what's the solution? Thanks!
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Comments
When the AT warning light is illuminated it means that your transmission has gone into "limp home" mode. The problem could be caused by any number of things. Your best bet is to find a good independent BMW tech who really knows the ZF 4HP22 autobox.
Please help?
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Any ideas would be appreciated especially now in this economy?? I like my car so much and don't want to sell it either. Thanks for your help and have a nice day....
Also, another yellow warning light comes on "Braking/driving stab. Brake and drive control system malfunciton! Reduced braking and driving stability. Avoid hard braking". Any information is really appreciated.
Automatic gear change is locked now at 2 or 3 shift. There is no lost of power on the gear shift. What shoudl we do from here.......help.
The car still runs ok. The warning lights just come and go. Transmission is ok. Brake still works; probably ABS is disabled.
Any one to help?
thanks
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive
Mine: 1995 318ti Club Sport-2020 C43-1996 Speed Triple Challenge Cup Replica
Wife's: 2021 Sahara 4xe
Son's: 2018 330i xDrive