The P0343 code is a generic fault code indicating that the camshaft position sensor readings are outside the acceptable range, specifically when the readings are too high. When this occurs, the PCM (Powertrain Control Module) cannot accurately determine the camshaft's position (it may attempt to infer it from other signals, but this is not optimal), which can significantly affect ignition timing and fuel injection synchronization. The sensor is a fixed electromagnetic device connected to the rotating part of the camshaft, which reads the position of the camshaft's teeth. These teeth alter the magnetic field, and the sensor sends this information to the PCM, which determines the position of the pistons within the engine's operating range.
The OBD diagnostic code you're addressing is commonly found across a wide range of automotive manufacturers, including Skoda, BMW, Nissan, Ford, Renault, Toyota, Kia, Mercedes Benz, Volkswagen, and others.