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2005 V70R, Midnight Blue, M66
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Re: Low Brake Fluid Warning Indicator this morning... (acflick)

Yes worn pads can cause it, due to greater wheel cylinder displacement, but....

I agree with Phuz, most likely a failed or failing, clutch slave cylinder. Look for fluid under bell housing. If the repair is on your nickel, get ready to spend $2K to $3K, parts and labor.
 
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