Faults:

Pinion on the starter motor didn't declutch from the flywheel when the engine started; could be repaired by dismantling and cleaning.

Idle speed and mixture couldn't be adjusted, so I installed a new carburettor. Seems to be quite a common problem with these cars?

I've fitted new drivebelts for the automatic transmission, the old ones were worn.

General Comments:

A very solidly built car, no rust at all.

Driving the car feels rather strange at first, especially with the automatic transmission (CVT).

You feel safe, like sitting in a much bigger car.

Repairs are quite a problem, because it's difficult to find someone familiar with these cars; Volvo, at least in Germany, has forgotten the 340's. Best thing is to obtain the Haynes Manual Nr. 0715 and do it yourself.

Spare parts are rather expensive e.g. carburettor from Volvo-dealer DM 1200, directly from Weber (manufacturer) DM 700.

Fuel consumption is rather high.