P0500 Mitsubishi Shogun is defined as Camshaft Position Sensor A Circuit Low. This means the CMP (camshaft position) sensor circuit on engine bank 1 sends an irregular reading. So if the problem persists despite of your diagnosis, then you should never hesitate to take your vehicle to your dealer or to a qualified mechanic.
Possible Causes :
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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. 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. Pack the connector cavity with dielectric silicone compound (same stuff they use for light bulb sockets and spark plug wires) and reassemble.
Diagnostic trouble code P0500 Mitsubishi Shogun 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 P0500 Mitsubishi Shogun.
Fortunately, P0500 Mitsubishi Shogun is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.