"Michael Low" > wrote in message
oups.com...
> The water condensate from my car also stayed on the floor for longer
> than a day but it was 100% water. Dextron III ATF is what the
> steering
> system uses and it is not clear. It is a medium-weight red oil.
> Try
> soaking up some of the fluid. If it stains red and is oily then you
> have an ATF III leak.
>
> The power steering reservoir of my 540 is on the left next to the
> strut
> tower. The black cap has a splined star-shaped grip pattern.
>
> If you have that much ATF coming from the system you may feel a
> vibration from your steering wheel when the engine is cold and you
> turn
> the wheel to its limits. Refilling the ATF can be a pain if the
> system
> got low enough to collect air bubbles. Make sure tha car is level
> and
> cold when you check the level.
>

Some use ATF (red) and some use Pentosin (clear) for power steering
fluid. It should say in the owners manual.

-Fred W