Join Date: Oct 2009
Location: Sudbury, Ontario
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Based on the information you provided, I would say it's the ABS speed sensor.
I have not had to replace any on my 08 SRT Caliber, but on our 07 Grand Caravan... I have changed 3 so far. I think this is the first I have heard about an ABS sensor issue on the Calibers though.
If it is the case (which I believe it is), it is failing (not 100% failed yet). When the light comes on solid every time you start the car, it's completely dead. (As mentioned above, I've been through this a few times.)
What this means for you;
If your ABS speed sensor fails 100%, you lose your ABS. Your brakes will function as normal, you just won't have ABS (as if the car wasn't equipped with it).
If your ABS sensor is acting up as it is now, drive like your car is not equipped with ABS. It'll be a pain during winter driving as it it'll be there sometimes, and not others.
Long story short, I wouldn't panic about it. Change the sensor when you can. If you don't mind turning a wrench (or enjoy it like some of us), it is easily replaced by removing the tire, disconnecting the old and installing the new sensor.