HI there
This code means there is a problem with the correlation between the crank and cam sensor on bank 1. This will cause some running issues, but shouldn't affect the shifting on the transmission. Many times this code is the result of low oil pressure, or low engine oil.
P0016 GMC - Crankshaft Position - Camshaft Position Correlation Bank 1 Sensor 'A' Read more: https://www.autocodes.com/p0016_gmc.html
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