Common problem over here our ways - with salty winter roads.
Problem is caused by the sensor wires from the coolant level sensor to the Valeo relay going open circuited because of corrosion.
The relay is not a relay - but a small electronic circuit which constantly monitors a medium ohmic resistance between the coolant level sensor pins. This is the resistance through the coolant.
If the sensor pins gets dry (low level) or the sensor wiring gets disrupted - a high ohmic resistance now exists on the 2 wire input to the circuit - thus the coolant low level fault lamp is set.
This means : NEVER ignore the fault lamp despite no obvious problems found. There really is a reason why you get the fault lamp on.
The engine oil and the coolant level warning lamps - are wired together by diode circuits (in the instrument cluster) which then sets all 4 warning lamps (oil, coolant, hydraulic and master caution STOP) if either engine oil or coolant level fault is present. This is to be sure your attention is drawn at the problem - because both fault types are potential fatal to your engine - and thus your wallet

C U / Anders - '90red16riBreak - '91GrisDolment16meteor - Project'88red19trsBreak
dead cars : '89white 16RS - '89antrasitTRDturboEst - '90white19triBreak