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The button is called an Electronic Traction System (ETS). This computer controls the wheels and keeps them from spinning. it is used to prevent slipping and freespins in unusual terrain.It is suggested you keep it off unless it is needed as it saves gas (although minute) and unneeded strain on your electrical system.

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Q: What is the purpose of the button on the left side of the shifter on a 1997 Grand Am GT?
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