all the early 2000`s V-6 engines had weak ignition coilpacks. I had mine replaced on my `02 Taurus, now no more Problems.
I also had the same engine trouble code. (out of 999 possible codes)
The number one reason for oil changes is to prevent the formation of sludge. It's important to understand how sludge forms and how sludge formation is prevented.
How Sludge is Prevented
Additive in the detergent oils 'wash' any contaminant particles off of internal engine parts and hold these...
it came on because ABS is used in "traction control" also.
The spinning wheels activated the traction control computer and applied the brakes to the spinning wheels, illuminating the light to "let you know" that it was doing that.
Trans Modulator?
when it goes bad, it stays in first gear..also check the vacuum line to the Modulator valve. If it is broken it wont work...it`ll just stay in first.