Originally Posted by whitelightrider
No, I had it out on Monday night checking up on different things!
There is no yellow P light though R.O.R. Its just the red light on the dashboard thats flashing. The yellow P light only lights up if you press the handbrake, and goes off when you disengage the handbrake.
Thought you would probably have mentioned it if it was on, but according to the manual if you have the flashing red light, it should be accompanied by either the yellow light on the dash, or on the actual handbrake button. Both mean the same thing essentially.
I'd get it in to a dealer as soon as you can before the electronic handbrake gives up the ghost and leaves the car stopped with a handbrake that won't disengage. Only option there is to have it dragged on to a truck to get it to a VW dealer.