Crankshaft Position (CKP) Sensor
WARNING: This page is about a different car, the 2006 GMC Yukon XL, 2006 Chevrolet Suburban, and 2006 Chevrolet Avalanche. However, it is still accessible from the selected car via links, so may be relevant.
The crankshaft position (CKP) sensor is a three wire sensor based on the magneto resistive principle. A magneto resistive sensor uses two magnetic pickups between a permanent magnet. As an element such as a reluctor wheel passes the magnets the resulting change in the magnetic field is used by the sensor electronics to produce a digital output pulse. The PCM supplies a 12-volt, low reference, and signal circuit to the CKP sensor. The sensor returns a digital ON/OFF pulse 24 times per crankshaft revolution.