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Dealer has told me to continue driving the vehicle.
Vehicle: 2007 Toyota 4Runner V6

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Hi there,

This code points to an issue with the crank and cam position correlation. You should start by checking the engine oil. Here are some other possible causes. 

P0016 TOYOTA - Crankshaft Position Camshaft Position Correlation Bank 1 Sensor 'A'

Read more: https://www.autocodes.com/p0016_toyota.html

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