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Hi,
It could be any number of things from the Oil Separator, to bad gass, to a coolant leak. But, whatever it is, do not start or run the car until it's fixed. The CEL flashes to tell you that it's serious and not to run the engine.
Of course, you could gamble, but your odds would be better taking that same $7,000 and placing it on a Roulette Table. Tow it to a Dealer! Good Luck!
Happy Motoring!... Jim'99
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