Your ECU is going into limbo/safe mode. this has detected an increase amount of boost pressure. Meaning that there is a huge amount of A/F ratio required (probably running rich/lean too) and your knock sensor has also detected pinging. This is the reason why your getting black smoke everywhere and the engine cuts out ...
Long term Overall status = ENGINE WILL CEASE.
as from everyone said - get your ecu reflashed/or replace with after market.
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