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This has happen to me on my 1997 850. It happen once when I tried to max it out (at around 120mph) and then once on the city streets. When I checked the engine, there was almost no oil. Check you oil level because a)you drive a Volvo so they are know to leak and b) that's a very likely cause

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Q: When i attempt to accelerate quickly flooring it my car grinds and stops accelerating it runs and drives great when i don't floor it its a 1995 Volvo 850 turbo FWD AT i think its the transmission or?
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