Bill,
I believe the OP is referring to the dashboard SRS light. It blinks when there is a problem that needs to be addressed ASAP. I forget if this happens on 240’s, but in newer cars the check engine light will also blink when there is an issue that needs immediate attention.
Woodshavings,
Did you clear the OBD code or disconnect the battery? Something I would try if it was my car is disconnecting the battery for at least a half hour then disconnect the controller for awhile. Then reconnect both. Don’t know if it will work but worth a shot anyway. Definitely stay away from the airbag! You don’t want it to go off (that would certainly ruin your day!) or damage the clock spring.
JW
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Will I buy another Volvo??? We'll see....
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