HI there
This code is for a faulty 1-2 shift solenoid. Normally this won't be caused by the TCM and is usually the result of low transmission fluid. You can drive the car like this but I would look at the fluid level and make sure it's clean. If the tcm is not sending signal to the solenoid it might cause the issue but it's not common.
P0753 PONTIAC - 1-2 Shift Solenoid Circuit Electrical Read more: https://www.autocodes.com/p0753_pontiac.html
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