1. Low brake fluid: Check the brake fluid level in the brake fluid reservoir. If the level is low, add brake fluid and retest the system.
2. Faulty wheel speed sensor: A faulty wheel speed sensor can cause the ABS light to come on and the parking brake to flash. Have the wheel speed sensors checked and replaced if necessary.
3. Faulty ABS control module: A faulty ABS control module can cause the ABS light to come on and the parking brake to flash. Have the ABS control module checked and replaced if necessary.
4. Electrical issue: There may be an electrical issue that is causing the ABS light to come on and the parking brake to flash. Have the electrical system checked for any faults.
It is important to have the problem diagnosed and repaired as soon as possible, as the ABS system is an important safety feature that helps to prevent the vehicle from locking up during braking.