The automatic transmission warning light is illuminated and flashing and the car is sluggish, what does this mean?
Normally that means that an electrical malfunction has occured, the automatic transmission is controlled by an ECU (computer). If the ECU recognises a fault in the system the ECU shuts down and puts the transmission into default (normally 3rd gear). The transmission ECU takes readings from various engine sensors, brake sensors, tempreture readings etc before calculating and optimising gear selection. Therefore if the warning light is on the actual fault may not be in the transmission itself but in a engine or brake sensor. However the vehicle should be taken to a specialist ASAP for diagnosis.