I recently posted a message asking for help regarding flashing red arrow on dash indicating transmission problem. This occured when the temperature was below 30 degrees, and the computer was trying to put the system in winter mode. The lights by the gear postion stick would continually cycle between W,S and E. The car would start, but it started in second gear. If the engine was switched off, it would not start again until the computer reset, about 5 minutes.
I have a 1995 Volvo 960. Several other people had the same problem. A dealer couldn't fix it, neither could a local foreign car place.From a friend, I got the name of an independent foreign car mechanic in Toano, Va. who diagnosed the problem and repaired it.
He first checked out the failure code which was 313, which indicated failure of the PNP switch on the transmission (Volvo part #9466013) He replaced it and corrected the problem. He then cleared the trouble code, and all is well. To reset trouble code LED, switch on, engine mnot running,deprees button for 5 seconds and release. While the light is lit and displaying the old code, depress again for 5 seconds. When released, it will reset .
This was a tough one!