One problem related to ignition switch has been reported for the 2001 Volvo V70. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2001 Volvo V70 based on all problems reported for the 2001 V70.
The key came out of the ignition while still in drive with the engine off. The last incident resulted in the vehicle rolling backwards and crashing. Vehicle was totaled from the crash. Vehicle was inspected on 04-12-05 by a Volvo dealership representative, who confirmed this was a problem, but declined to fix the problem.