The speedometer cable (which runs from the transmission to the dashboard) has snapped. This is a two-piece cable, and the one-piece cable in later Proteges will not work. I had the transmission replaced, and the cable could never be fit in properly. This is a mechanical speedometer, so you would have to change the entire speedometer part of the instrument panel to use a magnetic/electronic speedometer.
it could have a bad speed sensor
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tranny problems
My guess would be that there isn't any speedometer cable, it is probably electronic.
To check the hold light blinking of a Mazda Protege, take off the plastic over the shifter tube or bar. Then take off the console below it and look at the wires that come up from the hollow center of the tube. The edge of the shifter tube may have cut through the wire insulation.
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