Two problems related to engine failure have been reported for the 2001 Volvo V70. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2001 Volvo V70 based on all problems reported for the 2001 V70.
Volvo, 2001 V70 - VIN yv1sw58d111019707 this specific vehicle is unreliable and unsafe. Since purchased new, car has had multiple system failures leading to various unsafe driving conditions including brake system failure and engine failure (including loss of braking and steering systems). Manufacturer has acknowledged unusual nature of this particular vehicle quality defects - concerned that car must be taken off road to avoid serious crash. Please advise.
For several months prior to failure, engine torque would fluctuate at steady highway speeds with or without cruise control on. Although it did not affect the speed of the vehicle visibly, I could feel it in the seat of my pants. After getting off of the highway (in a bad detroit neighborhood and in the middle of an intersection), the engine failed to accelerate the car and the information display indicated "performance reduced. " I proceeded five miles to my home at no more than 10-20 mph which was all the car could muster. The car restarted normally the following morning and I was able to take it to the dealer. The dealer replaced the electronic throttle module and associated gaskets along with a software upgrade for approx. $1062.