Can some one help me? I recently bought a 1983 242 turbo
Upon a closer look I found a little plate on the back that said Chile Pepper Edition only 500 made. If anyone can shed light on this I would be greatful.
Thank you

 

sorry did not realize this was so old, did you get an answer?

242 Group A Homologated Turbo (1983): 500 models built to satisfy production requirements to qualify for Group-A sedan class racing in Europe; all were sold to Volvo of North America and approximately 30 were returned to Europe for racing; all of these cars had flat hoods not otherwise seen on North American 240s, as well as numerous and substantial performance and suspension upgrades ranging from larger radiators and intercoolers to water injection and large rear spoilers.