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Hi, my name is***** is for the variable speed limiting system. The light is normally switched off by default. If the LIM light remains on you will need to have the instrument cluster recoded by the Mercedes dealer. This is simply a coding issue, it is not indicating a malfunction. There is no harm in driving the car with the LIM light illuminated.
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One more thing, if there are any more warning lights or symbols illuminated other than LIM it indicates a fault with the traction control system. If that is the case you will need to get the fault codes read in the traction control module to determine the failure.