The 2003 Saturn L200 does have a camshaft position sensor. It is located on the bottom front of the engine behind the starter.
You will need to remove the 2-bolts that secure the starter to get to the sensor.
A p0340 fault code is indicative of either:
1.) a faulty camshaft position sensor
2.) Faulty wiring w/in CPS circuitry
3.) Faulty Ignition Control Module or Power-train Control Module
4.) or a mechanical timing fault; involving a damaged, loose, worn, stretched, or broken timing belt.
To diagnose and test the CPS and its wiring circuitry, you would take frequency measurements a designated RPMs to see if it is functioning within specifications...if the correct frequency measurements are within specs- it's not the CPS, wiring circuitry, or PCM/ICM; you're looking at a timing belt fault.
If that's the case (timing belt fault), since you have to tear down a part of the engine, it is recommended that you replace the timing belt, the timing belt tensioner, water pump, and idler pulley.
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