You might want to take a search on ELV on the forum. There's a lot of information pertaining to this. I had the problem last August that started with a yellow warning. With that I was able to get the car started after a jiggle or two on the wheel. Then it came up red and try as I may I couldn't get it to do anything. I locked and left the car for a while and it started up straightaway. However, since it had occurred more than three times in as many days I had the dealership look at it. They replaced a sensor on the steering column (some people have reported that the solution requires replacing the whole steering column).
Hope you get it fixed pronto. My SA said it's a known problem that need rectification quickly because it's a safety issue. (Her words).
2009 E90 335i Montego Blue · Black Leather · Burl Walnut · 6MT · US Spec
SatNav • ZPP • ZCW • 6FL • TPMS • iDrive • PDC • HWS • Xenons • BMW Assist • Power Rear Sunshade • Logic 7
European Taillights • Rear Foglamp • OEM Alarm • PicoTray • DataToys XM-DVR • Multi-view Processor
Quaife ATB LSD • Short Shift Knob • Hartge Anti-Roll Bars • AP Racing Front Brakes • 19" Style 269