Chevrolet 2004 Malibu Owner's Manual page 246

The Enhanced Traction System operates in all transaxle
shift lever positions. But the system can upshift the
transaxle only as high as the shift lever position you've
chosen, so you should use the lower gears only
when necessary.
When this warning light is on, the system will not limit
wheel spin. Adjust your driving accordingly.
To limit wheel spin, especially in slippery road
conditions, you should always leave the Enhanced
Traction System on. But you can turn the system off if
you prefer.
4-10
When the system is on
and the parking brake is
fully released, this warning
light will come on to let
you know if there's a
problem.
When you turn the system off, the Enhanced Traction
System warning light will come on and stay on. If
the Enhanced Traction System is limiting wheel spin
when you press the button to turn the system off,
the warning light will come on – but the system won't
turn off right away. It will wait until there's no longer
a current need to limit wheel spin.
You can turn the system back on at any time by
pressing the button again. The Enhanced Traction
System OFF warning light should go off.
To turn the system on or
off, press the ETS button
on the center console
under the climate control
system.