My 00 V70 had this problem a few months back at 98,000 miles. The local dealer suggested that the throttle body clean & software upgrade for free cures most problems but if not a new etm/throttle body would be needed at a cost of £360 incl labour. I didn't want to risk getting stuck miles away from home as had happened twice in that week so went for the replacement & paid. I didn't see the watchdog programme nor was I aware until then that there were any issues with the V70 & possible Volvo warranty cover. I might contact Volvo to see if they are willing to compensate me to some degree.
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