B0162 Lancia Lambda is triggered when the bank 1 camshaft position sensor doesn't match the signal from the crankshaft position sensor. Other serious codes may cause this code to pop up, and they may come with dangerous drivability issues that may expose you to safety risks and cause damage to the engine in the long run.
Possible Causes :
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If all testing has passed so far yet you still have the same code, check your scan tool and see if it can open and close the IMRC valve. With the valve disconnected, the red voltmeter lead should be attached to the IMRC valve power wire and the black voltmeter lead connected to ground.
Diagnostic trouble code B0162 Lancia Lambda is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before B0162 Lancia Lambda.
Fortunately, B0162 Lancia Lambda is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.