im not positive cuz i dont have a 318 i have a 325, but i think that is the check engine light...
It is actually the tranmission service light.
The warning light in the bottom area of your tachometer that looks like a circle ( gear ) with an exclamation mark in the middle is your " check transaxle " ( transmission ) warning light . If the light stays on take your vehicle in for servicing
An orange circle with an exclamation mark in it.
One of your headlights have burned out.
The red exclamation point in a circle is the parking brake indicator.
The exclamation mark warning light on a Bobcat means that a problem with the vehicle has been detected. It can range from improper charging to low coolant levels.
Your parking brake is probably on.
The tire pressure warning light on a 2008 VW Jetta City , parenthesis enclosing an exclamation point, can be reset once the pressure is restored. Press the set button on the dashboard.
low tire pressure
According to my 2000 Sienna manual, an exclamation point in a circle with 2 parens on either side is a brake system warning light. Might want to get your brake system looked at.
Tire pressure warning light.
Burned out exterior bulb
my battery light has come on, do i need a new alternator