What this code means is that your car's on-board diagnostic system has run a test on your catalytic converter and the result indicated that it is no longer effectively reducing your car's emissions. The manufacturer's recommendation is to replace the catalytic converter. i persoanally reccomend that a complete diagnosis be performed on the fuel and emissions systems be performed prior to replacing the unit.
To answer your other question about driving the vehicle, it shouldn't cause any immediate mechanical problems, however I don't recommend driving for any extended periods because since the check engine light is currently on, you won't be aware of additional codes that may occur.
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THANK YOU FOR THE ADVICE ! I HAVE MADE AN APPOINTMENT ON THIS MONDAY TO HAVE A "COMPLETE DIAGNOSIS PERFORMED ON THE FUEL AND EMISSIONS SYSTEMS PRIOR TO REPLACING THE CATALYTIC CONVERTER. WOULD YOU LIKE A FLLOW UP REPORT ? IF SO, LET ME KNOW HOW TO CONTACT YOU WITH A RETURN MESSAGE. Kathleen Doetzer
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information. I just noticed a typographical error in my response from our live chat. I meant a complete diagnosis of your fuel and IGNITION system, not emission system. Sorry for the confusion!What happens now? If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
Just wanted to let you know the resolution of the "check engine" dash warning sign on my 03 Audi A4 Quattro Sedan. A complete diagnosis of the fuel and ignition showed a insufficient level of emissions cleaning by the 2 Banks on either side of the Catalytic Converter. The mechanic showed me the very gummed up Banks and explained the problem. They were replaced and my Audi is back to normal now. The high performance engine is running like new and I'm a very happy Lady : ) !!!! Thanks again for your help. I'm so happy to have found the Just Answer Online Service and Dave Roe. Kam