Hello gentlemen,
I am hoping that one of you can assist me. I have a 95 525i that is doing exactly what you descripted in giving read out of oil level low, and coolant low. After reading this thread, I swapped the CCM from my 94 740il into my 95 525i. I still have the same readouts on the dash display. Is there any thing else that could be causing reading besides the sensors. Out of my 5 BMW's this is the only one with display problems. A friend has a spare coolant level switch for this series bimmer, which he is bringing in tomorrow. I am hopeful that will be the fix for that display. But one never knows.
Ladykats