From my experience it would be traction control active.
Owner's manual. I would suspect this is the Traction Control light.
A problem with the emissions will sometimes shut off the traction control, thus illuminating the light.
When there is a failure that sets the check engine light, the vehicle responds by going into a limp mode. This means traction control and ETS are automatically turned off for safety and to prevent further problems with the vehicle.
If you had new struts installed, they may have been installed improperly
all traction control does is slow your motor down when a wheel starts to spin and wont alow you to keep giving it gas to spin out of control While AWD can help you keep from slipping and will help you keep control in ice and snow, remember that you can still slip. Traction control briefly shuts down the engine when you start to slip so that you don't loose control of the vehicle. Both features are useful in bad road conditions. Actually Traction Control uses the throttle and the brakes to compensate for wheel spin.
If it has traction control, there would be a "trac off" switch on the dash.
The traction light is on becasue there is no communication between the traction control and the ABS. You will need to check the ABS sensor which is probably damaged or need cleaning. The spanner light normally means go to workshop as there are some problems with the engine electric. The spanner light could be on because the traction light is on. Once the traction issue is sorted, the light should come on automatically. If the spanner light is on on its own or has been on before the traction light then probably the oxygen sensor needs changing.
Is it flashing or staying on? Flashing while stationary / start up - some sort of fault. Probably with braking / traction control. Flashing occasionally while on move - car skidding losing traction Staying on: Fault with traction control - I had this happen to me car would start, no light on, after a while light on all the time - turned out it was a broken wire. Staying on after pressing a button marked ESP you just switched off the Traction Control.
That is the way it is designed, assuming it is like the 96, 99, and 2002 antilock/traction control systems on the SC2's that I have owned. The turn off switch is a push button that toggles the traction control between on and off, but does not lock in the on position.
A Vehicle Speed Sensor (VSS) senses the speed of the vehicle. Used for automatic transmission shift points and other electronics. Another speed sensor would be a wheel speed sensor. This one monitors wheel speed for ABS and Traction control.
No, because traction just keeps you from slipping and staying on the ground. Horsepower would be the same.