B0262 Shelby Cobra shows up when there's an electrical problem that causes the fuel volume regulator to malfunction and open. It's quite an unusual problem and likely intermittent. There are two wires dedicated for each coil; one is battery feed which usually comes from the distribution center, and the other one for the coil driver circuit from the PCM. The PCM grounds or ungrounds the circuit to activate or deactivate the coil.
Possible Causes :
Once located, visually inspect the connectors and wiring. Look for rubbing, scraping, bare wires, worn spots or melted plastic connectors. 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. If the engine displays a miss and there wasn't a code, determine which cylinder is misfiring. If the exhaust manifold is visible, spay or pour a small amount of water on each cylinder exhaust port. Water will evaporate immediately on good cylinders and slowly on the missing cylinder. If this can't be accomplished pull the plugs and check the condition.
Diagnostic trouble code B0262 Shelby Cobra 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 B0262 Shelby Cobra.
Fortunately, B0262 Shelby Cobra is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.