Trans failsafe prog / engine failsafe prog

I was driving home tonight at about 60 mph when my 2003 540i bucked and then two messages appeared in my message center. "TRANS FAILSAFE PROG" and "ENG FAILSAFE PROG" I was able to drive at low speed and shutdown the car. After turning off the car I read the manual and it suggested I restart the car to see if it reset. Now nothing, the car will not start. Car has 71,000 mikes on it. Any ideas what I am facing.
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