1999 BMW 540i Q&A

1999 BMW 540i Question: Hot rubber smell coming from engine.

I have a 99 540 with 70,000 miles. The car has been very well taken care of. After driving, a hot rubber smell comes from the engine compartment. It does not smell like hot oil but rather hot rubber. I noticed that the power steering fluid reserve had leaked somewhat. Could that be causing the smell? -
Answer 1
one of your pulleys is freezing up -
Answer 2
What your smelling is probably your belt. Have it inspected right away or going to leave you stranded. Like answer #1 something binding up belt. -