Your question is interesting to say the least...
as is the answer that was given...
All Fords have had their ignition switches on the
steering column for close to 30years....It is the think you
insert the key into an turn to start the car..
To remove the cylinder, which is what the key goes into
insert the key, turn key forward to the first stop, then with a very
narrow\thin screw driver or other tool, insert it into the very small
hole just under the cylinder push up and then pull the ignition
Good idea to clean out the cylinder and spay with either
WD40 or a graphite to keep it lubricated..
Has your ignition problem been identified?? One very common problem with the Rancheros and perhaps other Fords is that the "key" does not return to the "run" position after the engine starts. The problem is most likely in the lock cylinder and that can be cured per the message from Sandoc. The lock cylinder and the ignition switch are two separate items but they are conncected by a small rod which is slightly larger than the lead in a wooden pencil. The second likely problem is this rod which could be rubbing the top of the steering column.