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My 1998 V70 T5 (FWD)just developed this terrible squealing from the front axle, seems to be on the drivers side. It is happening when the car is in motion anywhere from 1 mph to maybe 25-30 mph (I haven't tried it any faster). When I pulled into the garage I also noticed a nasty smell at the front left axle.
My first idea was a wheel bearing, but I'm reading that the wheel bearing would make a grinding, not a squeal. I did notice that if I turn the car sharply to the right of left while driving the squeal will stop for a second.
Please give me some ideas that could cause this.
Thanks
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