C0012 Volvo 360 is triggered when the bank 1 camshaft position sensor doesn't match the signal from the crankshaft position sensor. 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 :
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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. Use the DVOM to test resistance and continuity on all system circuits if actuator and sensor resistance levels are in compliance with manufacturer's specifications. Replace the oxygen sensor that is downstream from the catalytic converter on the side of the engine that does not contain cylinder #1. Also, if a oxygen sensor code stating "heater circuit malfunction" the sensor has most probably failed.
Diagnostic trouble code C0012 Volvo 360 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 C0012 Volvo 360.
Fortunately, C0012 Volvo 360 is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.