Look at the abs wheel sensors. If one is bad then all the lights will show.
SOURCE: 2005 Jeep Grand Cherokee (HEMI) Service Electric Brake System
Problem is a faulty Steering Angle Sensor (part of Steering Module) located in steering column ...replacement part $600.00.
SOURCE: bmw 530i 2001 abs and traction control light on
abs control module is bad
Testimonial: "thanks how much is an abs module cost and is it necessary to fix right away"
SOURCE: abs light/traction control light
You can check out what the trouble code is by pushing and holding the information button and the up arrow (right side of instrument cluster above the radio) until all the instrument clusters light. Press the information button (last) to enter test mode. I've had an error C1234, meaning Left rear wheel sensor fault. I found the problem to be a corroded connector under the chasis just under the rear left door about 2 feet in. I had to by-pass (replace 1 wire due to corrosion at the connector.
SOURCE: Engine light and ABS traction control light remain
The ABS sensor is a speed sensor also for Traction Control. This is why both lights are on , One of your front ABS sensors are bad or disconnected, or has a pinched wire.
SOURCE: 2005 impala ls the abs light and the traction control light comes
You'll need to have the codes read from the computer. You will have a code that indicates one of the front wheel sensors is bad. This could be the case, but they are very expensive as they are built into the wheel bearing assemblies. It is more likely that the wiring harness between the frame and the part of the front spindle that holds the harness, has broken internally. It is a very common problem and can be repaired with a new wiring harness section or by tracking down the fault and repairing it.
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