Looks like it goes to the metal shroud around exhaust near engine(depending on model). I've seen that bolt before... exhaust shroud is what pops into mind. maybe metal shroud around drive shaft.
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08 R320 CDI current
Past
95 E420
87 300D Turbo 5spd
90 300TE
83 300SD
85 300TD
92 400E
85 190D
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