I had the exact same problem with my 2005 Chevy Colorado Z71. It would unexpectedly give me the Traction Fault and then "reduced power" announcement and then just shut off. It would restart most time a few minutes later, sometimes longer though. I was getting the P0601 OBDII code, internal memory problem with PCM/ECU. I ordered a PCM from eBay and replaced it. I went through the relearn process and it started on the third time and runs good. I am however getting a new code which is P0315 /Crankshaft Position not learned. I read where GM designed that to happen, so you have to get that one done with a Tech2 Scan tool. It does not affect how it runs but I heard it won't run as efficient, so I made an appointment to have it done at a local Chevrolet dealership. They said it will cost $135.00 plus tax. I only paid about $145.00 for the PCM, so it is a bummer I have to almost spend as much for that one code. Overall though, still much cheaper than it would have been if I had it all done at a dealership. By the way, I had to change the PCM about seven years ago as well, but I think it was for a different reason. It looks like it lasts about six or seven years each go!
Wednesday, June 20th, 2018 AT 1:50 PM