P2992 Matra M530 is described as Intake Air Temperature (IAT) Circuit Malfunction. It's actually a general trouble code for a problem on IAT electrical circuit sensor, as it sends incorrect voltage input signals to the PCM. If the car doesn't start, they will proceed by testing the voltage at the fuel pump connector and see if the fuel pump relay, fuse, and PCM circuitry should be inspected.
Possible Causes :
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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. Look for missing ground strap or a rusty ground where the fuel tank is grounded to the frame. Check for damage to the wiring harness connector. 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.
Diagnostic trouble code P2992 Matra M530 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 P2992 Matra M530.
Fortunately, P2992 Matra M530 is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.