Yep, bellhousing for 240 with EZK116 and Motronic using the crank position sensor started for the 1989 model year.

In North American US market and I guess the same for Canada.

Also, on 700/900, models equipped with (Siemens) Bendix Rex ignition / Regina injection also use the crank position (or angle) sensor and are also notched. I guess from 1989-1992 Volvo 740 Normally aspired (non-turbo) and some 1992-1994 (?) 940 series also normally aspired. Though a 940 with M47 normally aspired with 4-cylinder redblock, well, haystacks and a needle in North America. All 940s used AW7x.

However I did find a 1992 940 normally aspired with M47 in TX-state on a used car board over a decade ago.

Turbo 700 / 900 with 4-cylinder redblock if manual gearbox-equipped would use M46. If Turbo equipped, these suffer a harder use if not outright abused and neglected. Hmmm, all are abused and neglected.

An alternative is a used Tremec T-5. A bellhousng adapter exists, so I read. Yet requires drive shaft, input shaft, and other modifications to fit.

One take on the adapter plate as a kit:
https://www.deeworks.ca/product/t5-adapter/

Others solutions exist.

Found it! Please see this page:
https://people.physics.anu.edu.au/~amh110/Supra/supra_in_volvo_240.htm

More info here:
https://people.physics.anu.edu.au/~amh110/Technical_pages/hyde_quick_tech_index.htm

Maybe we'd all like the M51 or M90 ...

You can find YouTube videos that treat AW7x to manual gear box swap - M47, M46, Tremec T-5, and others like BMW and Toyota Supra gearboxes.

Questions?

Hope that halpz.

I'll ask if ...