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I have this problem on my 240.
It is intermittent, and caused by the steering fluid being aerated. The two hard lines accross the front of my power steering rack are all corroded and seep like crazy, and the result is that the fluid in the resevoir looks like milk (or is extremely low). Check those lines, and that your fluid in topped up. To clear up the problem, if only temporarily, turn the wheel all the way left then right(without hitting full lock) and this clears out any air in the system.
Does anyone know if I can get those two hard lines from a dealership?.
MAtt
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