I bought a 02 V40. It is just a regular driver when I got it. The previous owner had lost the keys and the fob. So I have ordered a factory cylinder and key replacement. I had already removed and replaced the ignition switch. When I attempted to start the car with the new ignition switch, all lights on the dash lite up. There was one I was familiar with. A crossed out image of the car. It was blinking.
I joined the Volvo clubs and organizations, asked about this and have no explanation why that lights is on. I know the new keys came with new codes. These items are from authorized Volvo factories. Well, any reasonable explanation would be appreciated. The Volvo organizations have yet to respond to date.