Of course, first check the timing chain.
I is not necessarily that bad:
If the timing chain broke, you would probably have heard an awfull
noise when it happened, and I think it is unlikely that the chain has
jumped a tooth (perhaps others can tell differently).
I had exactly the same symptom with my 87 190E 2,3 (same injection
system). After having checked and doublechecked all timing, the problem
showed to be the EHA (the black thing with wires to it located behind
the fuel distributor under the air filter).
It's easy to replace, the cost is around 400$, and mine started
immediately without problems after having tried everything else for
half a year, polluting the engine and spark plugs with all kinds of
deposits due to wrong combustion.
We can hope it's just that.
/Jens
PS: The reason why it took so long time to fix the problem, was because
I already tried to replace EHA with a used one. But apparently one with
the same problem as the original one, leaving me fooled in the
troubleshooting. Finally I bought a brand new one. Don't do the same
mistake as I did.
jcsilver3@gmail.com - 04 Sep 2006 07:51 GMT
Thanks for all the responses...
There has never been any metal+metal noise, so I don't think the damage
can be that severe. I've had nothing but MBZ for 25 years, and this is
my second '86 300E, roughly 400k miles between them just on my watch.
I've just never had this particular problem. Exhausting out the air
intake is something I've never seen...well, there was that '79 BMW 530
Alpina... oy vey.
Roland Franzius - 04 Sep 2006 14:17 GMT
jcsilver3@gmail.com schrieb:
> Thanks for all the responses...
>
[quoted text clipped - 4 lines]
> intake is something I've never seen...well, there was that '79 BMW 530
> Alpina... oy vey.
Most certainly an exhaust valve is closed permanently.

Signature
Roland Franzius
Tiger - 04 Sep 2006 15:16 GMT
Pull the valve cover to see the cam lobes and inspect the chain stretch.