Hi, we bought a V60 VEA D4 2 months ago, 10 days after this the engine light came on and same fault code, we took it to the dealers who cleaned the o2 sensor and did a software update free of charge and it’s been fine since. Our car is just over 4 years old and had 32,000 miles and a full Volvo history so not under warranty but Volvo apparently did it as goodwill. Hope this helps, Luke
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