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This is based on Service Bulletin # 135 from January 1990 (applicable to '89 and '90 740 and 740GL), which says that 3-2-1 may be a false code, due to a circuit modification related to the Cold Start Injector/valve..
As a quick check, peel back the Cold Start connector boot and see if the Blue-Green + wire has been disconnected, taped off, and replaced by another wire (color unknown) directly from the starter solenoid.
If so, you can confirm the modification by checking for continuity from CS pin 2 to starter auxiliary terminal 15a or 16 down on the solenoid. If there is continuity, the RSR is no longer in the CS Injector circuit.
QUOTE: "As a result of this modification . . . Fault code 3-2-1 (cold start injector) will be permanently stored in the self-diagnostic memory. However the Check Engine Light (CEL) will not illuminate."
The 1-2-1 (missing or faulty signal to ECU) is probably the real problem but I have no experience with the pressure sensor. Try reseating the connector, and check any ground connections in the area.
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Bruce Young '93 940-NA (current) — 240s (one V8) — 140s — 122s — since '63.
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