Ended up getting a used Transmission from LKQ great guys to work with... The previous owner has reneged on his offer to pay for transmission.

I will have to check to make sure and get back to you.. I am picking up the vehicle this evening it's at the dealer ship right now.

Currently the Arrow (not flashing) and Check Engine are light go on.

Arrow stops flashing after it's out of Limp Mode but remains on.

Thanks

More information: After checking the service records it looks like it was recommended back in 08/2006 @ 102,645 miles to replace the ABS Module which wasn't done: Also it looks like in 12/08 @ 110,162 it would appear that the ABS & Tracs light come on but only was cleared? Could it be possible t...

If the PNP alleviates codes would it also alleviate the symptoms? Flashing Arrow Check engine and Limp mode? I tried ratcheting the sift lever but that didn't seem to do anything. I will do as you suggested.. I finally got the previous owner to agree on fixing the car! I am suspicious regarding the ...

Also I got response from Volvo-Forums.com "The second code PO740 (incorrect 4th gear ratio) is likely a result of the torque converter switch malfunction code. This does not mean your transmission is toast. I believe it is an electrical solenoid that puts the torque converter into lockup mode. ...

Took to a dealer they said ECM read out could only be done a 98, I looked into this it looks like previous owner had bought it found out something was wrong with the vehicle and parked it.
The dealer is telling me that trans needs to be replace..

That sounds like a great idea, I will call around on Monday to see about getting ECM done. Eventually I am going to have to ask the previous owner to get the correct information on this vehicle, I appreciate all your help! I will keep you posted..
mwoslund

according to Carfax the odometer is fine, I am thinking the guy may have replaced an ABS sensor? Is it necessary to bleed the brakes when replacing ABS module? I spoke to the guy before buying it and he said he was replacing ABS something??? and the second time I drove it he was telling me that he h...

Since I just bought this car I did some searching on Carfax and found it when it was last serviced: I will transcribe off the service report: 10/23/08 mileage 110,162 Service dept: Customer states that the ABS Light & the Traction Control light comes on & will not go off, they scanned (custo...