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Overdrive on 1990 740 Turbo goes off and on without warning. 700

My 1990 740 turbo wagon with 211,000 miles goes in and out of overdirve without warning. As I am driving, the little orange arrow indicator on the dash comes on, indicating that I am no longer in overdrive. I depress the small button on the transmission shifter, but this does not work. Usually, this button would activate the light and control the use of overdrive. I am hoping I can simply disconnect the switch and not have the problem. Does anyone have any suggestions?






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