Two problems related to gasoline engine 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.
Surging, missing, skipping while idling in gear. It may surge, miss, skip while out of gear, but it is hard to detect. I have had the etm software update and then they cleaned it. The dealer does not know what to do with it now and it is still happening. They have not yet done the Volvo campaign to replace faulty etm's because the guidelines are strict. (someone has to die first, then they will replace it) this has been going on for over three months now.
Car displayed message reduced performance mode. Car runs at 2 mph. This happened while driving at highway speed!.