BMW X5 4.4 E53 E39 E38 trans fail safe and warning lights - Cause - Bad ABS Control Module

Speedometer, tachometer, temperature gauge malfunctioning and transmission goes into fail safe mode - This was all due to the ABS Control Module failure. It was shorting out other sensors and causing the symptoms you see in the video. Once I had this replaced, things went back to normal. Keep in mind - new ABS Control Module will need to be re-programmed to your car by a mechanic or else it will not work. You can also send existing module to get repaired for around $150 and plug it back in without reprogramming.