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ABS and air bags are great on newer vehicles. I have 2 newer vehicles with them. Requisite safety features.
ABS & SRS on 240s is a 20+ year old design. ABS on my late-90s cars and trucks was bad enough.
The air bag on the newest one (93) will be long past replacement per Volvo. I've never had working ABS on an older 240. IMO, no safety equipment is better than bad safety equipment that gives you a false sense of security.
240s are strong but will be up to new-car safety specs. It's a tradeoff you make when you decide to drive one.
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