Black smoke is usually unburnt fuel. I would check the lambda sensors in the exhaust.
SOURCE: engin light is on
the check engine light can come on for any number of reasons mostly emissions related problems. the first step is to identify the code responsible for the light. there are many auto parts stores that will scan the vehicle free of charge for you. i suggest that first.
SOURCE: 2005 chevy colorado abs fault
Sounds like water getting in one of the connectors. You will need to see what fault code is in there when the light comes on, then look at that sensor.
SOURCE: 2005 chevy 6.6L turbo deisel losing power and blowing black smoke
pump may need recalibrating or a kit through it
or you may have a cracked turbo
SOURCE: chevy colorado loss of power
take it to local parts store that scans for codes for free, you will get a print out with any codes that are set and go from there
SOURCE: Recliner Handle for 2005 Chevy Colorado
I paid $18 at the dealer for just the knob. Then I found it online here for $4.70
http://www.trademotion.com/partlocator/index.cfm?action=getJointLocator&siteid=214858&chapter=&Sectionids=0,51873&groupid=2673&subgroupid=3936&componentid=3609&make=6&model=Colorado&year=2005&graphicID=GD04565&callout=15&catalogid=2&displayCatalogid=0
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