I own a 2004 saturn ion and having issues with the light for power steering too. There is NO power steering fluid!!!!!!!! saturn's use hydraulics for there power steering. I took mine to the dealership and they said that to fix it you have to replace the whole steering column. But it isnt a gurantee that it will fix it.
Should be a cap under the hood that says power steering fluid
SOURCE: 2004 Saturn Ion transmission
It should be on the drivers side and it looks like the oil dipstick. Usually the top of the handle is shaped like a " T ". Most of the time it will be yellow and say trans on it. It may be lower than the oil dipstick. Good luck.
SOURCE: 2004 Saturn Ion - Power Steering Problem
The motor on the power steering is overheating which causes the thermal overloads to trip.
go tho the junk yard and buy a motor for a 2004 thru 206 ion or a 2004 thru 2008 chevy colbalt.
they are all the same. You may have to buy the wholle steering colum but you can remove the motor with 2 - 12mm bolts and a quick dissconnect pulg. Replace just the motor as the whole steering colum is a bit more complicated. the dealerships want you to replace the whoe steering colum, in fact that is the only way they sell the parts. It is a scam. Just the motor needs to be replaced.
I have done it on 4 different ions. try to get a motor with few as possible miles and as new as possible. I have paid between $50 and $125 for these. The dealer wants $900 fnad about $500 to install. It is very simple to do. Only 2 bolts.
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