What does it mean when this warning light comes on? I cannot manually adjust air suspension now with buttons in rear cargo compartment. Is there an easy fix?
Yes. The easy fix is: take it to a Volvo dealer, wait one or two days, hand over cash and drive home.
Any other fix is much harder, involving training, diagnostic equipment, repair facilities, vehicle lifts, the right tools for the job, and spare parts, and time.
But you are free to choose
Seriously: without diagnostic equipment, and knowledge and training, it is impossible to tell what is wrong with your car.
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