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Control module
WARNING: This page does not describe the selected car, but rather 8 other vehicles, including the 2006 Volvo S80, 2005 Volvo S80, 2004 Volvo S80, 2003 Volvo S80, and 2002 Volvo S80. However, it is still accessible from the selected car via links, so may be relevant.
Courtesy of VOLVO CARS OF NORTH AMERICA.
The transmission control module (TCM) is positioned in an air cooled plastic box in the engine compartment together with the engine control module (ECM).