Crankshaft Position (CKP) Sensor
WARNING: This page is about a different car, the 1995 Lincoln Mark VIII. However, it is still accessible from the selected car via links, so may be relevant.
CKP sensor is a Hall Effect magnetic switch. The Hall Effect switch is activated by vanes on the crankshaft damper and pulley assembly. The Profile Ignition Pick-up (PIP) is a crankshaft position signal that is sent to the PCM. The PIP signal generated by the Hall Effect sensor provides base timing and RPM information to the PCM.