The THM700 was renamed "4L60" (RPO MD8) following the new General Motors naming convention, when the electronic version, 4L60-E (RPO M30), was phased in. This happened in 1993 for trucks, vans, and SUVs, and 1994 for rear wheel drive passenger cars. In 1996, a bolt-on bell housing was phased in (along with a six-bolt tailhousing) for S-10 Trucks and S-10 Blazers and beginning in 1998 for all other applications. Beginning in 1998 a new 300mm torque converter with improved higher-capacity internals, 300mm style input shaft, and 300mm style pump was also introduced on models coupled to a Gen III Small Block. The 4L60-E is rated to handle up to 360 ft·lbf (488 N·m) of torque.
The 4L60-E family of transmissions use 2 shift solenoids, initially called Shift Solenoid A & Shift Solenoid B, later changed to comply with OBD II (On Board Diagnostics revision 2) regulations to 1-2 Shift Solenoid & 2-3 Shift solenoid. By activating and deactivating the solenoids in a predetermined pattern by the PCM, 4 distinct gear ratios can be achieved.