SOURCE: P0340 Code Camshaft Position Sensor
The Camshaft Position (CMP) Sensor detects the position of the camshaft in order to identifiy when piston No. 1 is on its compression stroke. The CMP sensor is used for ignition timing in the Ford DIS igntion system, but not in the EDIS igntion system. Both DIS/EDIS use the CMP signal for synchronizing the firing of sequential fuel injectors.
On the 3.0L vulcan engine, the CMP signal is generated by a single Hall-Effect magnetic switch, activated by a single "vane" spinning around by virture of a synchronized shaft which is driven by the camshaft.
The CMP sensor & synchronizer/shaft are located behind the intake manifold (i.e., back near the firewall on a Ranger) on the top of the cylinder block. If you just need to replace the sensor, it is a simple job of unplugging the electrical connector and removing the screws holding the sensor in place. Here is a sketch of the sensor to give you an idea what to look for:
Save your money, the chip is a ohm resistor at Radio Shack for under $2.00. It splices in to you IAT wire harness located at the intake tube between the air filter housing and throttle body.
Problem with this system is, that you can not adjust anything and have to run a constant 91 octane just to make sure you do not have a Detonation. The ECM will catch the Detonation from the knock sensor and compensate for it by retarding the timing which in turn lose of HP till next start up.
If you like and don't mind the check engine light on once and awhile, you can do the same by just disconnecting the IAT wire harness which give the ECM a 0 resistance thinking it's -20 out side and turn the timing up and lengths the injector pules.
When i was running a Nitro in the Toy before i sold it, i had installed a 10K ohm Potentiometer which you can buy at radio shack for under $5.00 i believe, I just spliced it in to the IAC wire harness so if i wanted to play with the Nitro I'ld turn the resistor up making the engine think it's 185 degrees F and would ****** the timing so i would not hurt the engine. But if i wanted to get more timing i would just turn the knob to drop the resistance to get more time since the engine thinks it's -20 out side.
Hope this helps. Keep me posted if you need more info. Best thing is to do a dyno tune and you can change everything right down to the Shift points.
SOURCE: A diagram of a 2003 Ford Mustang interior fuse box?
Fuse Box Diagram
Circuit Schematic
I trust that these are what you are looking for, they are screen captures of the requested information right from Ford.
SOURCE: A diagram of a 2003 Ford Mustang interior fuse box?
here you go
https://www.fleet.ford.com/maintenance/owners_manuals/default.asp
SOURCE: Where is the camshaft position sensor on a 2000 Ford Explorer?
in the rear like where the dist would normaly be
diagram for your 20003 ford mustang.
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