The V70 shares the same sheet metal ahead of the B-pillar with the Volvo S60, although the grilles are different, and the front bumpers are mildly different. The dashboard and the majority of the interior of both cars are the same.
As was the case with all P2 platform Volvos, a minor refresh of the V70 occurred across all markets for the 2005 model year, which brought minor styling changes to the front fascia, tail lamps, along with several improvements and changes to the interior fittings.
In the US market the V70 is available as front or all-wheel drive (AWD) with a Geartronic five-speed automatic transmission. A five-speed manual transmission was offered on the base 2.4 version, but few dealers stocked it. As before, there is an AWD-only off-road version with raised suspension, plastic body cladding and an interior grab handle. This version previously known as the V70 XC (Cross Country) was renamed to XC70 for this new model line.
Also following on from the previous generation was the use of five-cylinder, 20 valve inline transverse-mounted engines. All but the bottom range 2.4 employ turbochargers with either low- or high-pressure, depending on the model. The V70 five cylinder turbo engines in the US market are the base V70 2.5 litre light-pressure turbo straight-five engine with 211 metric horsepower (155 kW; 208 hp) at 5,000 rpm; and torque of 320 newton metres (236 lbf·ft) at 1,500–4,500 rpm, and the V70 T5 2.4 litre high-pressure turbo straight-five with 260 metric horsepower (191 kW; 256 hp) at 5,500 rpm; torque 350 newton metres (258 lbf·ft) at 2,100–5,000 rpm. For the US market, both of these engines are exclusively mated to a five-speed Geartronic automatic transmission.
This 2.4 litre high-pressure turbo straight-5 "T5" engine is used in a variety of Volvos, and as with most stock performance turbo engines the power output is quite limited by the stock Volvo engine tuning. The ultra high performance all-wheel drive V70R, using a 2.5L Turbocharged I5 litre engine in ultra high performance tune produces 300 metric horsepower (221 kW; 296 hp) and 400 newton metres (295 lbf·ft). The V70R is equipped with Volvo's 4C multi-mode suspension developed in conjunction with suspension experts Öhlins—allowing the driver to vary the cars handling depending on driving style and conditions. The V70R AWD has also larger Brembo brakes to provide high performance braking capabilities in line with its high performance characteristics.
Source: Wikipedia, 2011