Volvo S40/S60 reliability, quality and etc
 

I am considering getting Volvo S40 or S60 (or equivalent Vs) from 2001-2003 with 100k-200k on the clock. Mid-range gasoline models are my primary choice.

What is the overall reliability of these models? Is the Automatic Transmission highly problematic? I actually prefer MT, but ATs seem to be more available. Is there anything to watch out of?

Not very reliable, trans may be a problem, things to watch out for? where do i start...