it should have a cable or electrc type release (more chance on electric) on the barrel to let the key go when the lever is put in Park.

Those can bind and do other weird stuff. Usually it gets chewed up by the brass key

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2012 BMW X5 (Beef + Granite suspension model)

1995 E300D - The original humming machine (consumed by Flood 2017)
2000 E320 - The evolution (consumed by flood 2017)