More than half of the M/Bs I scan will have wheel speed sensor codes without any associated problems. On the MLs it can be a harness problem, typicaly the left rear. It can also be the module failing to recognise the speed sensor signal. Additionally it can be an actual failed sensor, which is quite rare on the ML. You're going to need a competant tech to diagnose it, if that equals dealer then it will be cheaper than throwing parts at it.

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90 300TE 4-M
Turbo 103, T3/T04E 50 trim
T04B cover .60 AR
Stage 3 turbine .63 AR
A2W I/C, 40 LB/HR
MS2E, 60-2 Direct Coil Control
3" Exh, AEM W/B O2
Underdrive Alt. and P/S Pulleys,
Vented Rear Discs, .034 Booster.
3.07 diffs 1st Gear Start

90 300CE 104.980
Milled & ported head, 10.3:1 compression
197° intake cam w/20° advancer
Tuned CIS ECU
4° ignition advance
PCS TCM2000, built 722.6
600W networked suction fan
Sportline sway bars
V8 rear subframe, Quaife ATB 3.06 diff