Volvo has never had a limited slip on 850/70 series so the answer
is basically no.
However, the European version of the S70 R (not sold in the U.S.)
had a viscous coupling that worked similar to a limited slip so the
answer might be 'kind of' if this is a manual tranny European R model.
I suspect these also have TRACS. (I'm not sure if there was a FWD V70 R
in Europe.)
TRACKS is meant to work at low speed starts in ice/snow and does
not really aid in full throttle starts. A 1999+ might handle full throttle
a bit better then earlier models since it can also back off the throttle
using the throttle's elctronic controls -- earlier models used a
conventional cable connected to the gas pedal and TRACS can only apply
the brakes on those cars. I mention this since a lot of people think
TRACS is for more then slow speed, stuck in gunk, conditions.
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