Do you have a check engine light on? If not then you have a defective gage, the gage is a computer generated display and you will need to remove the instrument cluster and send it out to be rebuilt. Cost about $250
With a v engine probably one in each bank. Maybe close to exhaust, it may use heat shield. One wire connector, the wire color is dark blue.
The picture is for knock sensor 1.
the system is in limp mode because of a real problem with either the engine or transmission
have the fault codes read, fix what is found and reset the ECM