Circuit/System Description
WARNING: This page is about a different car, the 2010 Chevrolet Cobalt. However, it is still accessible from the selected car via links, so may be relevant.
The diagnostic trouble code (DTC) indicates that an emission related transmission DTC set in the transmission control module (TCM). The engine control module (ECM) receives the TCM information over the serial data circuit. The ECM turns ON the malfunction indicator lamp (MIL) when the TCM sends a message over the serial data circuit requesting MIL illumination. The DTC information for the ECM will only display DTC P0700, but the Freeze Frame/Failure Records data will display the transmission DTC that set.