On a web search I found several people that had similar weird dash lights/operation issues. Someone thought it might be a faulty ignition switch but that was not it. The success came as follows:
"Alright fixed the problem it was an electrical relay. If you remove the cover of the fuse box under the hood there are 4 large relays. two of them are unmarked as to what they are for but I disconnected them while the car and everything was running and it turned out that one was for the lights and the other was for the interior electrical components A/C, Radio, wipers, etc. I replaced the one that I needed and all is well now. Thanks for the help $20 for a problem that had me ready to sell the car."
Your issue may be similar .. a faulty relay in the fuse/relay box under the hood...which I think is just forward of the driver side wheel well. Usually there is a legion/map on the underside of the lid that tells you what each relay and fuse is.
Good luck on your troubleshooting
SOURCE: 1999 volvo radio code
To reset the radio you have to leave the key in position one (the radio will come on, but the dash lights are not on) with the radio on for at least two hours. It can take up to four hours to reset.
Make sure the climate control and blower are in the off position to keep the battery from running down. Eventually the radio will say "code". There is a four digit code that is unique to each radio, if you don't have it you must contact the local Volvo dealer and have your VIN code. The VIN code is locate on the far top/right side of the dash, you must be outside the car to see it. It will begin with something like YV1LS...................
When you get this code from the dealer you input the code using the radio preset (1-6 buttons). If the radio says code again that means it is the incorrect radio code. Most likely the radio has been replaced. Then it would be alot easier to take it to the dealer since the radio has to be removed and the serial number taken off the radio chassis unit. Usually most dealers will do it for free if they think you'll come back for services, so just tell them you just bought it and be nice, hopefully it will work.
hope this helps
SOURCE: ETS light comes on and off
Just to add to it. Volvo Darin is right, but the extended warranty period was for 10 years or 200,000 miles. It depends on your warranty start date. Being a 1999 it could or could not be covered.
Don't wait any longer, because there is NO help or extension of this warranty after 10 years.
Monday, Monday, Monday...
SOURCE: I have a 98 S70 turbo ~171000 mi. car will start
THE FIRST THING IS TO CHECK FIEL PUMP PRESSURE AND FILTHER AND THE RELAY IT IS IN FUSE BOX WITH A J and it is black and if it gets too hot engine will shut down and you will have to wait until relay cools 850,s and S70 models have this problem especially in th A/C CIRCUIT
SOURCE: radio code ( 98 Volvo S70)
Look in the manual for the code - usually someone has written it in there. If not, call the nearest Volvo dealership and give them the VIN - they can tell you what your code is. Then, with the engine off, turn the key to the "I" position (Roman numeral one) and leave it for at least 4 hours. The radio should then read "Code. and you can enter the 4 digit number! Good Luck!
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