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Dear Turbine1,
May this find you well. In the shifter housing, there are a couple of switches and the wiring to them, e.g., the overdrive switch (in the shifter handle) and the p-n-p switch (in the shifter mechanism). I do not recall a post that described these switches emitting smoke. That said, there's a first time for everything.
There is also wiring to the light, that makes visible the shifter position.
It is possible that something, e.g., a coin, may have fallen into the shifter mechanism, and damaged the wire or created a short-circuit.
To test the overdrive switch, press it. Does the orange "up arrow" light - at the bottom of the instrument cluster - come on? If so, the switch is working correctly.
Does the car start normally, with the shift lever in "Park"? If so, the p-n-p switch probably is OK.
Please post back with your findings. Going into the shifter is not for the faint-hearted.
Yours faithfully,
Spook
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