Fendar, I never got a manual with the car. I looked it up online volvo.com the indicator means low oil pressure. there is no mention of trans fluid level.

I looked again no dipstick for the trans.
I was told the fluid level light was not for the oil exclusively and it might indicate low trans fluid level as well. can anyone confirm this?

New member first post: My 2001 C70 conv gets little use mostly sits in the garage waiting for sunny days. the last time i had the car out the oil fill light came on. I did not drive far before filling the oil it took almost 2 quarts to get the oil light to go off, level correct on the dipstick. all ...