Reduced power while driving, traction control and engine light came on, now starts but dies after roughly seconds. What could be causing this?

Hook up a professional grade scan tool to the vehicles computers an check for DTC'S diagnostic trouble codes , that will tell a professional mechanic what to check.

No , reduced engine power message is most often caused by a problem with electronic throttle control , your best bet would be to take your vehicle to a qualified repair shop.

the "Reduced Engine Power", problem causes the PCM to disable "Service Stability Control" and "Traction Control" turning on the warning lights to come on for those systems . The reduced engine power is because of a problem with the electronic throttle control system or as GM calls it TAC system . Reduced Engine Power Mode
When the PCM detects a condition with the TAC system, the PCM may enter a reduced engine power mode. Reduced engine power may cause one or more of the following conditions:
• Acceleration limiting--The PCM will continue to use the accelerator pedal for throttle control, however, the vehicle acceleration is limited.
• Limited throttle mode--The PCM will continue to use the accelerator pedal for throttle control, however, the maximum throttle opening is limited.
• Throttle default mode--The PCM will turn OFF the throttle actuator motor and the throttle will return to the spring loaded default position.
• Forced idle mode--The PCM will perform the following actions:
- Limit engine speed to idle by positioning the TP, or by controlling the fuel and spark if the throttle is turned OFF.
- Ignore the accelerator pedal input.
• Engine shutdown mode--The PCM will disable fuel and de-energize the throttle actuator.
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Drive by Wire training Your best bet , take it to a GM dealer

Have the vehicle checked for DTC'S - diagnostic trouble codes ! Do you know what electronic throttle control is ? The gas pedal assembly has electrical connector an sensors inside ,hooked to the PCM / ECM - engine computer . The engine computer uses these position sensors inputs to control the DC motor on the throttle body to open the throttle plate to control the speed . Plus there are position sensors inside the throttle body to input PCM/ECM to see if it's calculations are corect . Your best bet maybe to take it to a qualified repair shop .
Drive by Wire Function and diagnostics by Wells

Reduced Engine Power Mode
When the PCM detects a condition with the TAC system, the PCM may enter a reduced engine power mode. Reduced engine power may cause one or more of the following conditions:
• Acceleration limiting--The control module will continue to use the accelerator pedal for throttle control; however, the vehicle acceleration is limited.
• Limited throttle mode--The control module will continue to use the accelerator pedal for throttle control; however, the maximum throttle opening is limited.
• Throttle default mode--The control module will turn off the throttle actuator motor and the throttle will return to the spring loaded default position.
• Forced idle mode--The control module will perform the following actions:
- Limit engine speed to idle by positioning throttle position, or by controlling fuel and spark if throttle is turned off.
- Ignore accelerator pedal input.
• Engine shutdown mode--The control module will disable fuel and de-energize the throttle actuator.

What garage was it at ? Dealer reduced engine power means there is a problem with the electronic throttle control .this will shut off traction control off . Were there any DTC'S - diagnostic trouble codes read from the PCM - engine computer .
No crank REDUCED ENGINE POWER case study 13 GMC Acadia Part 1

Drive by Wire Function and diagnostics by Wells

The traction control light is on to let you know that system is disabled. I would say the actual problem is a performance issue with the engine.
You should have someone scan the computer for trouble codes to proceed with testing. A 2010 model may still be under factory warranty.

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 .

I know this is not a solution but I too started having this same problem today. Start car, runs normal then all the sudden it feels funny, traction control light blinks on and dash displays service traction control-reduced engine power. This causes my car to sputter like it is going to stall I have to pull over and turn my car off and back on to drive off (only for it to do it within the next 10 minutes). I thought turning TC off would work for now just to drive it, no not successful stil does it : ( I TOOK IT TO AUTO ZONE AND HAD IT SCANNED HAD A CODE FOR GROSS EVAC LEAK AND SOMETHING ABOUT THE THROTTLE PLATE/BODY NOT SURE IF THAT IS RELATED BUT THAT ALL THE INFO I HAVE ON THAT.

how do you fix the "reduced engine power" light on the dash bard of a 07 Chevy Impala LTZ and "Service Traction Control"?