If it's stuck in second gear, that's "limp" mode to allow you to drive slowly to a repair shop without needing a tow truck. There should be some diagnostic fault codes in the Transmission Computer. Code 700 is read in the Engine Computer and just means there are other codes in the Transmission Computer. If you are using a simple code reader, you may need to get a scanner to read codes in the other computers. Most code readers only read Engine Computer codes.
As for the sensors, check that no pins got pushed over when the plugs were connected, and look at the terminals in the plugs to see if any are stretched or deformed. If the speedometer isn't working, one of the speed sensors isn't providing its signal, and that will put the Transmission Computer into limp mode.
Wednesday, March 9th, 2016 AT 7:11 PM