ETS light on my V70 began lighting about two weeks ago and presumed the worst - ETM on the way out. Spent £57 to have Volvo diagnose the clutch position sensor was faulty. That was Saturday.
Went home and took the sensor out (it's tucked right up under the footwell, linked to the top of clutch pedal). The sensor dismantles easily. It has two carbon variable resistance tracks with wipers. These were a bit gunkey, so cleaned with electrical contact cleaner and replaced. No light so far; my fingures are crossed.
Volve quoted around £100 to replace it (part plus half hour labour @ £100/hr!!).
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