The voltage stabilizer / regulator is a very common and known fault on that car and other older ones of that era / age also when both gauges are affected .There is no need to drain the cooling system to replace the temp sender , you just unscrew old part , preferably when engine cold and quickly fit new one in hole , You will be lucky if you lose less than half a cupful of coolant in doing so . Done dozens of them on that car and other makes , a two min job .