2001 Civic lost power

Civic lost power on freeway. Couldn't go over 20 mph. Noted that check engine light came on. Stopped and got a tow truck. Dealer said that he found
diagnostic codes P1361 (too much end play in camshaft) and P0740 (bad torque converter). He reset them and car ran OK. He said to drive it for a while and see if problem reoccurs. We got it back and it so far it seems normal.
Anyone have any ideas on this problem ? Dealer said it couldn't be a sensor problem, because if it was just the sensor the car would still run OK, but check engine light would come on. If these (rather critical) sensors indicate a problem does the computer reduce engine power to prevent further damage ?? Maybe it really is a sensor problem or computer glitch.
Thanks - Carl Snow
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Carl Snow wrote:

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What's the mileage, and have you ever changed the tranny fluid?
'Curly'
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