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Hey guys, believe it or not, it could also be that the Alternator (Generator) is going bad. The same thing happened to me as I was driving the my 2004 745LI, the Transmission went to failsafe, I could only drive 15 mile per hour and the transmission did not shift. I took it to the mechanic and it was the problem was the alternator; I changed it and never had this problem ever since. That was about a year ago.
 
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