Jewels, This is normal on some like paulmacityre stated, I posted some links for you to check out on this issue.
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Is traction control causing my loss of power Mustang
http://www.audizine.com/forum/showthread.php/360892-traction-control-light-flashes-and-car-hesitates-during-hard-acceleration
abs traction control light on 2001 Mustang GT Ford Mustang Forum
With some makes and models this is normal. The PCM will reduce engine power when the traction control senses wheel slip as a safety precaution until traction is restored
SOURCE: 2002 Pontiac Grand Prix GT
I had the same problem my car. It started once in a while until the light would not go off. My husband looked at it and he said the wire on the antilock brake bearing hub corroded and came off. Maybe yours is starting to corrode. My husband said to tell you that there are two wires that come out of the back of the bearing hub. He soddered it together on mine and I hav not had a problem since.
SOURCE: 2007 G5 GT traction control light just came on and
traction control is related to differential.controls slippage for better handling.have it checked could just be faulty sensor
SOURCE: 2005 impala ls the abs light and the traction control light comes
You'll need to have the codes read from the computer. You will have a code that indicates one of the front wheel sensors is bad. This could be the case, but they are very expensive as they are built into the wheel bearing assemblies. It is more likely that the wiring harness between the frame and the part of the front spindle that holds the harness, has broken internally. It is a very common problem and can be repaired with a new wiring harness section or by tracking down the fault and repairing it.
SOURCE: my 2002 impala's service traction control light
Traction control only works when one wheel is spinning faster than the other it trys to even them out so it wont spin...sometimes if one of the wheels come off the ground in an uneven area or if you take a turn too fast and one wheel turns when the other one dont it is designed to operate.
I would remove all wheels and check the braking system...Is it 4 wheel disc or rear drum ?
If it has rear drums you could have a wheel cylinder leak that will sometimes lock the wheel because of fluid contamination....This would cause both lights to come on...If you find no problems
sometimes the abs sensor builds up fragments on the magnet and makes the light come on...
or if the abs sensor is not close enough to the exciter ring it will make the light come on because it will be out of adjustment.....all you do is press the sensor inward until it barely touches the ring and it will adjust itself....You can sometimes clean the magnet if it is contaminated and make the light go off ( only after you reach 6 to 15 mph. it will go off ).If it dont go off you have to buy a sensor.
Also make sure all tires have same amount and plenty of air to keep vehicle in balance/level.
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