Erratic shifting from the automatic transmission and cold start issues can sometimes be corrected by software upgrades to the engine and transmission control modules.Google+
Car Problem Reports
Volvo S60 Software Upgrades Will Fix Transmission/Cold Start Problems
Volvo S60 Problem
Average Mileage: 33,000 mi (21,000 mi - 45,000 mi)
erratic shifting,engine revs-up first than transmission follows.
Visitor, 2003 Volvo S60, 45,000 mi
doesnt shift well from second gear to third when getting hot .should be recall ,i already spend 4000$ and problem came back one year later