Reduced engine power on

Check engine light on , check DTC'S - diagnostic trouble codes ! Check Engine Light On If not familiar with this take it to a ASE certified repair shop or dealer . 3rd limp mode ? Do you have a message in the DIC - driver information center , reduced power mode ?
ENGINE POWER IS REDUCED
Engine Control Module Description for the 4.8L, 5.3L, 6.0L and 6.2L engine

Service Stabilitrak, Traction Control lights ON, alone with check ...

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Jul 9, 2012 - Service Stabilitrak, Traction Control lights ON, alone with check engine light. ... 2007 Chevy Equinox LT FWD 2007 Saturn Ion 2 Quad Coupe ... HELP - Service Stabilitrak & Service Traction Control
Aug 30, 2011
Service Traction Control - Stabilitrak and ABS light, Help ...
Feb 12, 2011
Stabilitrak Off Message + lost Power stearing
May 31, 2009
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Chevy Equinox Eco, Traction Control and Stabilitrak Systems

? 2:39
https://www.youtube.com/watch?v=15Qj4HzpBz0

GM's power strategy will reduce power if it doesn't see proper charging. It does this to conserve battery power by shutting off non-essential electrical accessories. It can also mean that the traction control system is reducing engine power to avoid a skid. The traction control system gets input data from the wheel speed sensors to figure out if you're entering a skid or the wheels are locking up. One way to get you out of the skid is to reduce engine power or pump your ABS brakes. In your case you should get the trouble codes read. An ABS or traction code code could be a C, U or B code which can't be seen by a cheap scan tool or the tools they use at auto parts stores. GM had major problems with the ABS wheel speed sensors built into the wheel bearing hubs in these vehicles. The fix involved replacing the hub. So get the codes read by a pro scanner to find out which wheel sensor is setting the code. Then do the fix. Also, the P0128 is usually caused by a bad thermostat. Fix that first, because if the engine doesn't get up to operating temperature, the computer can limit some features.
Read these posts for more trouble code information
http://ricksfreeautorepairadvice.com/p0128/
http://ricksfreeautorepairadvice.com/abstcs-light/

Pretty much tells you the system with the fault

Traction Control is embedded into the abs braking
system, so diagnose that using the codes you have,
same as any other obd codes you get

The Reduced Power could be another problem & it
cuts off fuel injectors to save the exhaust converter
from overheating & being ruined

Reduced power is a problem with electronic throttle contol . drive by wire . Do you know what this is ? Taking the vehicle an having it hooked up to diagnostic tool an checking for DTC'S - diagnostic trouble codes is always a first step when trying to find the root cause of any trouble light ! And not auto zone , pep boys , or advance auto parts . Thier diagnostic tool will not check codes in all system control modules .

The traction control system senses wheel spin from either drive wheel. Excessive spin sensed by the ABS sensor will force the wheel that is spinning to brake to avoid loss of traction. You could have a faulty ABS sensor (wheel speed sensor) As far as the engine "cutting off" Do you mean that it shuts off completely or you cannot accelerate?

Start with testing the ABS system. Sounds like a wheel sensor is giving out bad signals. The vehicle is no longer under warranty?

{: ) A car swerving light on the instrument cluster is the StabiTrak indicator, sometimes called the traction control indicator. A wrench beside it tells it requires servicing.

Your vehicle is equipped with StabiliTrak, which combines antilock brake, traction and stability control systems and helps the driver maintain directional control of the vehicle in most driving conditions.
Traction control activates when the controller senses wheel spin. StabiliTrak will selectively apply the brakes and reduce engine torque to help regain traction.
Stability control activates when the controller senses a discrepancy between your intended path and the direction the vehicle is travelling. StabiliTrak selectively applies braking pressure at any one of the vehicle's brakes to help guide the vehicle in the direction which you are steering.
When you first start your vehicle and begin to drive away, the system performs several diagnostic checks to insure there are no problems. You may hear or feel the system working. This is normal and does not mean there is a problem with your vehicle. If driving conditions delay system initialization, the STABILITRAK NOT READY message may be displayed. If this is the case, your vehicle does not need servicing.
When the StabiliTrak system is both on and actively controlling the stability of the vehicle, the StabiliTrak light will blink for the duration of the event.
You may also feel or hear the system working. This is normal.
StabiliTrak will turn off automatically if a problem is detected in the system. The StabiliTrak light will come on and SERVICE STABILITRAK will be displayed on the DIC. For vehicles without a DIC, the StabiliTrak light and the StabiliTrak service light will both come on. If the SERVICE STABILITRAK message (or StabiliTrak service light) does not clear itself after restarting the vehicle, you should see your dealer for service.

dont take the trip!
be smart and take it in to whoever fixed your air hose.

If your trac and abs are both on. the problem could be a wheel speed sensor.
on some GM cars this sensor is built into the vehichles hub unit. making the bering and sensor one sealed unit. cheap hub units can be gotten (under 100 bucks) at autozone