Was driving my c70 yesterday and heard a ticking sound coming from the front of the car. Thought is was something caught in the wheel. Continued driving when engine completely died. No steering no power, etc. Car was towed to Isringhuasen Volvo dealer. They called me to tell me that serpentine belt had snapped, shredded and wound itself around pistons and destroyed engine. Replacement engine...12-13,000. WHAT!? Does anyone have thoughts about this? My car is no longer covered by the warranty (only has 44K miles, though).