Three problems related to transmission failure have been reported for the 1998 Volvo V70. The most recently reported issues are listed below.
65,000 miles - transmission failure on a regularly dealer serviced vehicle.
The consumer's vehicle was tested and found to have high levels of carbon monoxide. Black smoke was belching out of the exhaust pipe. The transmission failed.
Transmission failure at 68000 miles with good maintenance and no precipitating factors.