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No Hall sensor. Basically all North America market 1989-on 240s had B230F engines with Bosch LH 2.4 injection (or a few early '90s B230F w/manual trans having the similar LH 3.1) using a CPS sensor on the bell housing to detect rpm and timing. Your 940 was B230F with Bosch as I recall, so basically the same powertrain as your '89 240 and with similar issues, so the 700/900 FAQ here is perfectly useful for diagnosis. For body, interior, brakes, and suspension, much will be in common with your old 242, so you'll be awakening all those old brain cells as you get familiar with it.
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Dave -still with 940's, prev 740/240/140/120 You'd think I'd have learned by now
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