Faults:

Engine wiring loom, broken radiator, holes in the head - redone twice, altenator, clutch, clutch master and secondary cylinder, brakes master cylinder, intank fuel pump, main fuel pump pumping only 70%, power steering leak, steering rack, front ball joints, EGR valve, exhaust manifold bolts snapped off from head - most of these problems were rectified between 195k - 241k mark (parts replacement stage).

General Comments:

Although with all the problems, still great car, very good for cornering and held the road really well (depends on the tyres though).

Never had problems starting in the morning or after a few weeks, still one turn of the key and it was going, quite surprising for a 19 year old volvo.

Very safe when hitting things as well, hit a traffic sign once at about 60km/h and the only damage to the car was a wrecked aluminium bumper bar. More recently ran off the road and into the bush doing about 90 - 100km/h, again wrecked the bumper bar and bent the steering rack and chassis, body was still fine, even drove it home.

Only problem I had with it was that is was quite expensive to fix, but apart from that it was quite a good car.