C1126 Austin Montego is defined as Knock Sensor Circuit Range Performance (Bank 1 or Single Sensor). This refers to camshaft timing, which in this case is over-retarded. 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 at the plug wires to make sure they are not burnt or laying on the exhaust. 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 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.
Diagnostic trouble code C1126 Austin Montego 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 C1126 Austin Montego.
Fortunately, C1126 Austin Montego is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.