Identifying this object

[Klattu]

Hi Guys
Does anyone know what this is?, It's hanging down underneath the steering column.

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[BrettMRC]

Is the white ring an LED?

 

[Klattu]

Is the white ring an LED?

No...the white ring is a soft rubber sponge

 

[BrettMRC]

I'm assuming it should be the other way up against the column and is detecting something on the column during rotation and sending a signal.
No idea what though!

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