One problem related to traction control light on has been reported for the 2012 Ford Explorer. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2012 Ford Explorer based on all problems reported for the 2012 Explorer.
May 2013 (13490 miles) was driving 30 35 mph power steering went out, traction control light went on, I turned off and restarted. All was ok. Took to dealer and dealer replaced the steering rack December 23,2013, (21173 miles) was driving 40 mph power steering went out, traction control light went on. Would not reset by turning on and off. Drove to dealer with no power steering and dealer reset computer and sent me on my way. January 17,2014 (21808 miles) was driving 35 mph power steering went out, traction light went on would not reset by turning on and off. Drove to dealer with no power steering. Dealer reset computer and sent me on my way.