CONSUMER NOTICED THAT AIRBAG LIGHT WAS FLASHING ON THE DASH PANEL WEDNESDAY NIGHT. THEN, NEXT DAY THE LIGHT WAS STILL FLASHING, AND VEHICLE STARTED SMOKING. SHE HAD VEHICLE PARKED, THEN SHE GOT INSIDE OF VEHICLE. TURNED VEHICLE ON, AND IT STARTED SMOKING. HAD MOVED THE PANEL, AND NOTICED THAT FIRE WAS COMMING FROM THERE. ANOTHER VEHICLE HAD A FRE EXTINGUISHER, AND PUT FIRE OUT. VEHICLE WAS TAKEN TO DEALERSHIP. MECHANIC TOLD HER THAT IT WOULD TAKE $1300 75 TO FIX VEHICLE. *AK