C1240 Moretti 1200 is described as Fuel System Too Rich, which basically means bank 1's oxygen sensor has detected a rich condition of fuel. This means there's not enough oxygen in the exhaust from too much fuel being delivered into the air and gas mixture for combusion. 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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Find out what kind of system you have and verify that voltage to the fuel level sensor is present at the fuel pump wiring harness. Oxygen sensors signal the engine management computer the amount of oxygen present in the exhaust, which is used in determining and controlling the fuel ratio. 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 C1240 Moretti 1200 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 C1240 Moretti 1200.
Fortunately, C1240 Moretti 1200 is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.