One problem related to transmission not go into gear has been reported for the 2002 Volvo V70. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2002 Volvo V70 based on all problems reported for the 2002 V70.
Transmission began slipping around 90,000 miles. Changing from 2nd to 3rd was a pressurized build up resulting in a lunge forward or bucking of vehicle. Several times trying to get across traffic lanes almost resulted in near crash due to transmission not changing gear. Putting car in gear resulted in a bucking forward or lunge. Volvo advised a new transmission but advised us of a computer download that might fix the problem. After the download the car drove great for about three weeks. Then it began again. When on a trip the jerking in changing was so violent the gas line was forced loose from the fuel filter causing a stall in traffic. Fortunately we were able to push the car out of traffic and waited for a mechanic to arrive to re-install the line to the filter. Volvo dealer was about three miles down the road but refused to come out stating too much going on and that they could help but would wait until the next day since so close to 5 pm. Independent mechanic came to help. A new trans was installed but with less than 5000 miles the problem seems to be coming back. Also the brake booster went out. A failed recalled part left us stranded when we first bought the car and we paid the towing fees to Volvo.