It is a 2001, but actually built early in 2000. Based on posts from owners of 1999 and 2000 models, I think some of the common and serious early problems (such as front bushings and complete transmission replacements) have been solved. The things they appear not to have addressed are more annoyances than anything else, certainly not safety related, with one exception. There is a plastic air intake or vent that protrudes slightly under the engine. Four owners (that I am aware of) have struck something (like a parking curb)with that pipe, and ended up with $3000 worth of engine damage that is not covered by the warranty.

Base 2.9 (non-turbo)model owners seem much more satisfied.

Volvo's biggest shortcoming in the US appears to be that they will go to great lengths to avoid warranty work. They try to wear you out by requiring mutiple visits and channels of complaint. For those of us who were around to buy GM cars in the 60's, it all seems so familiar.