Im gonna say starter is not catching.
Not sure why the EML is on, perhaps it goes off once the car starts and does a full scan of systems but because car cannot start, it stays on while trying to start.
www.enthusiastauto.caNeed a car???
--'00 BMW ///M5 .:Jet BLK/BLK:. Individual-1 of 1 - Style 65 Wheels; 9.5" Square Set up;275 Tires;10mm/3mm Spacers; Black Kidneys;Muffler Delete; 3.5" Dual Tips; Beast Power; "Dinan" Ducts; E60 SSK; BC Coils
--'00 BMW ///M5 .:Avus Blue/Grey/Black:. 1 of 8
'88 BMW 635CSi Blue/Tan Sport
'81 MB 500 SEC Euro Koenig