I think one of you is mistaken as there's no such thing as a Volvo V60. If it's a sedan it could be a S40 (very small), S60 (mid-sized), or S80 (very large for a Euro car.) If it's a wagon it could be a V40 or V70 and then of course there's their SUV (XC90) and coupe (C70 - the geriatric Volvo.)
If I remember correctly the panel you mentioned houses a recepticle for a tow eye / tie down (used for shipping or strapping down to a flatbed tow truck.) I'll have to take a look at our Volvos later to reconfirm but that's what it was on prior Volvos I owned.
Thanks.
-rollie
rdollie@att.net