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The low coolant symbol indicates low coolant, but if radiator and coolant resivoir are filled ok....the sensors go bad often. This happened to me. I checked coolant in radiator for weeks and finally replaced sensor. they are poorly made!!.....Pete :-} Red always means stop. If you had an owner's manual you could look this up. As I am not a Camaro owner, I can only guess. Is it possible that this is a warning that you are over reeving the engine? I have a 1999 Camaro Z28. According to the owners manual, a red arrow pointing down signifies a low coolant level. RED ARROW POINTING DOWN SIMPLY MEANS LOW COOLANT. SOMETIMES IT DOESNT MEAN ANYTHING AND THE SENSORS ACT UP ON 93 AND 94 MODELS.

Sadly, they still haven't corrected this problem by 1996 as I have a Z28 that does the same thing . Low coolant is the indicator light, but there ris plenty of coolant so the switch is bad.

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Q: What is the meaning of a red light with arrow pointing down on the instrument panel in a 1993 Camaro Z28?
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