C0168 Mitsubishi Libero is triggered when the bank 1 camshaft position sensor doesn't match the signal from the crankshaft position sensor. The spark should have a light tan color. If the sensor probe comes with white and chalky parts, this means it has been lagging between switching phases, and should be replaced.
Possible Causes :
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Look for damage to the tank indicating impact that may have damaged the fuel pump or sender. If the scan tool has that capability, and the scan tool can operate the IMRC valves, then the problem is either resolved and a simple code clearing is all that's left or a new PCM would be called for.
Diagnostic trouble code C0168 Mitsubishi Libero 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 C0168 Mitsubishi Libero.
Fortunately, C0168 Mitsubishi Libero is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.