Also there is a relay forward of the shifter on the 123 chassis that powers the 4 way flasher switch. Could be a sticking relay? But I've never read a thread where the one light stays on. Only that the signals do not work.

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81 300CD (sold) 1972 280 SEL 4.5 (sold) 1966 250 S 4 spd (sold) 1974 450 SL (sold) 86 BMW 325ES (sold), 1973 280C (sold) 1988 300 SE.