Yeah, you're reading that right. The newest Power Wheels has traction control. The PR language says it all about this "high performance drive system" though skimps on the details: "It powers ...

Sensors mounted at each wheel that monitor the speed at which the wheels are turning ... which could cause skidding and loss of steering control. ABS is supposed to intervene by rapidly ...

While the construction industry hasn’t reached the point of autonomous machines quite yet, the industry is moving toward remote wheel loader machine control and dump truck machine control.