P1332 is a CVVT solenoid code.
Remove the spark plug cover.
The CVVT solenoid is located on the exhaust cam
t-belt end of the engine.
CVVT- Constant Variable Valve Timing.
Oil pressure and the electric solenoid can change the
exhaust valve timing as needed.
There is a cam position sensor on the rear of the cam
that the ECM monitors the location of the cam timing.
When the ECM receives a signal of the cam location
is different from the signal sent to the CVVT solenoid
a check engine light is set.
The CVVT solenoid oil passages might be blocked up
with oil crud and the oil pressure might not be going into the
CVVT assembly. The CVVT assembly is on the end of the
cam where the t-belt is located could be defective.
You can remove the CVVT solenoid, check and clean
out any oil crud. Volvo now has a new style gasket for the
CVVT solenoid that has a built in screen to keep crud from
entering the solenoid and CVVT assembly.
Not changing the oil enough can have drastic effects of the
cam lubrication for the head top end.
I have seen Cams lock up on the 5 cyl  turbo's due to
blocked up oil passages caused by lack of  oil changes.
This of course ruins the head.

BD
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