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Between the salt trucks and the ocean salt spray mine has quite a patina under the hood. I've had tubes, pipes and fittings under the hood rust out completely. The rivets holding the muffler heat shield rusted out completely and the shield fell onto the muffler.
But if you mean major structural or floorpan rot, like the 240 was so famous for, no.
-BTC
'98 V70 T5 5-speed, 171k mi, Bilstein HD, front IPD stabilizer bar, Volvo strut tower brace and skidplate, XC grill, C70 jewel E-Codes, V-1, Lidatek, Mobil-1 since new.
"Being offended by things is the world's big hobby at the moment. It's almost taken over from wearing goatee beards."-Douglas Noel Adams (1952-2001)
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