My 2001 V40 should have been painted yellow, its a lemon, soon to be replaced (not with another Volvo!)
In 90,000 KM, two sets of tires due to out of spec alignement, insufficient caster on left front, real bad camber and toe on left rear. can not be aligned to spec. Volvo non responsive.Scary handling in icy conditions, bad rear wheel bump steer.
SRS warning light came on twice, rear wiring harness replaced twice.
Front seat belts cut into B pillar trim and frayed edge of belt. Changed under warrenty, doing it again.
Rear brakes every 15-20K.Fronts and all rotors at 24K
Bad shift characteristics, re-programed, no better.
Speed sensor failed, no warrenty, Service manager claims "speed sensor not related to on going, repeat complaint of transmission problems, as the speed sensor has nothing to do with transmission" It's little wonder servicing is poor when the SM is obviously technically incompetent.
Noise from steering, no fault found.
Spark plugs every 20K.
Fuel mileage nowhere near Volvo's claims.
Rear strut isolators,warrenty
Headlight bulbs x 6, service bulletin to install resistors has cured problem.
A/C evaporator, leaks condensate onto passenger floor, replaced under warrenty, ensuing dash rattles not yet found.
Spare tire cover warped like a banana, warrenty denied.
Light bulbs for in dash switches failed, parts back ordered for 3 weeks! these clowns cannot even stock light bulbs!

In 21 months of ownership, this piece of crap has been in the shop, awaiting back-ordered parts for a total of over eight weeks.