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When i attempt to accelerate quickly flooring it my car grinds and stops accelerating runs drives great when floor its a 1995 Volvo 850 turbo FWD AT think the transmission or?

It sounds like you might be experiencing a problem with your transmission, but it's best to be sure before jumping to conclusions. Here's a breakdown of why your 1995 Volvo 850 Turbo FWD AT might be grinding and stopping acceleration when you floor it:

Potential Causes:

* Slipping Transmission: This is the most likely culprit. When a transmission starts slipping, it can't transfer power effectively. This is usually caused by worn-out clutches, worn bands, or low transmission fluid.

* Torque Converter Issues: The torque converter connects the engine to the transmission. If it's malfunctioning, it can cause the grinding noise and inability to accelerate.

* Valve Body Problems: The valve body controls fluid flow within the transmission. A faulty valve body can lead to various issues, including slipping and grinding.

* Clutch Packs: Worn or damaged clutch packs can cause slipping and grinding.

* Solenoid Issues: Solenoids control the operation of the transmission. If they are malfunctioning, it can disrupt transmission operation.

* Transmission Fluid Issues: Low fluid level, contaminated fluid, or incorrect fluid type can cause significant problems.

What to Do Next:

1. Check Transmission Fluid: First, check the transmission fluid level. If it's low, add fluid of the correct type. Be careful not to overfill.

2. Inspect for Leaks: Look for leaks around the transmission pan and cooler lines.

3. Get it Diagnosed: The most reliable way to diagnose the problem is to take it to a qualified mechanic specializing in transmissions. They can use diagnostic tools to check for codes and identify the specific issue.

Important Notes:

* Safety First: Never ignore a grinding noise in your transmission. It could indicate a serious problem that could worsen and cause further damage.

* Get It Repaired Quickly: Transmission repairs can be expensive, but delaying them can make the problem worse and cost more in the long run.

Alternatives to a Transmission Replacement:

* Transmission Flush: A transmission flush can help to clean out old fluid and debris, potentially resolving some issues.

* Transmission Fluid Change: A fluid change can help improve performance and reduce wear.

Remember, it's impossible to diagnose the problem without physically inspecting your vehicle. A qualified mechanic will be able to pinpoint the cause and provide the best solution.