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I'm not sure if an SRS code tells exactly where the fault is. However, Volvo is no longer in the business of "fixing" things but instead of "replacing" things dependent on code. It's that way in the U.S., and I assume all over the world.
In our old 850 we kept getting an SRS code. Went through some airbag "tries" but the problem ended up with a mylar cable inside the steering wheel that spins with the wheel, winding and unwinding as you go. When that part was finally fixed all of our problems went away. Might be worth asking about this...most likely it's something like a connection to the airbag and not the airbag itself. Those hardly ever go bad.
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1998 S70 T5 Emarald Green Metallic (125K), 2004 V70 2.5T Ruby Red (45K), Previous Owner of Black '94 850 Turbo Wagon (Sold at 140K and miss her). My cars have been running so well lately they've got me worried.
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