P0342 means the ECU is reading a voltage on the camshaft position sensor signal circuit that is lower than the expected range, usually because the signal wire is shorted to ground, the sensor has failed, or the connector has lost contact. On most modern engines the camshaft signal is essential for sequential fuel injection and for VVT control; without it the engine may still run on crankshaft signal alone but with degraded performance.
P0342 is a ignition-related diagnostic trouble code classified as moderate severity. When your vehicle's ECU detects this condition, it stores P0342 and illuminates the check engine light.
