It's when the security light starts flashing that the infamous "chip" in the key becomes a nightmare to many. Gradually the car begins not cranking anymore or if it cranks it would start and die in a second. Randomly it will do this more and more often until it won't start anymore. VATS, PASSkey and Passlock immobilizer systems are killing cars all over North America, they have a short lifespan and are certainly more effective against owners than thieves. Here is how you save your car
1st trick, (if not starting) turn the key forward 2 clicks till right before it would normally start, leave like that for 10 minutes. ( no less ) After 10 minutes, turn key back then forward and your car might start. I did this in my regal for more than a year. If its shuting down while running, im sorry i have no quick fix...
Cheap fix: Bypass the chip in your key. Temporary, but effective. Until the TDM (theft deterrent module) in the dash poops out, then you're kinda screwed. I was told that these types of key security systems have a 7-10 year life span. Sucks for us. This link explains the "Key Issue" pretty well.
Never worry again fix: Bypass the whole VATS/Passlock/passkey I or passkey II system entirely. Literally take it out, and throw it away. I just did this in my Regal. Took about an hour. Took longer to find the thing than it did to fix the problem. For a list of cars effected by this problem. See the NEWROCKIES link on the right side of their page......... They sell a unit for 200 bucks to totally bypass this system FOREVER. life time-money back and all that. Finally did this in my car. Well worth the 200 if you've looked into getting this replaced... its anywhere from 600-1000 bucks.
----- With this fix, you can take that whole Vats, passlock, passkey **** system out of your car all together. Good info on both sites