The overrunning clutch may be shot, and can be replaced easily after removing the starter. I assume you are getting the screech and/or starter just spins, but not the engine?

Not bad, but getting that starter out parked at the curb can be a *****.....

PEter

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1972 220D ?? miles
1988 300E 200,012
1987 300D Turbo killed 9/25/07, 275,000 miles
1985 Volvo 740 GLE Turobodiesel 218,000
1972 280 SE 4.5 165, 000 - It runs!