It's not a loose speaker wire. 928s (mine's an automatic...80% of 928s are) have something known as a "kickdown switch". When the gas pedal is floored, the switch is activated and forces the tranny to drop down and hold the lowest gear possible without over-revving.
The wire is from a splice I put in so that I can activate the switch without going wide-open-throttle. If you look closely, you can see the chrome switch just above the right hand side of the driver's seat. When activated, my car will hold each gear until redline, rather than shifting much earlier. 1st gear holds until about 45 or 50 mph, 2nd until about 85 or so.
The wire goes up into the center console, then appears again where the switch is located. The blue connectors are where I spliced into the original switch's wiring.
Coucher: nice job keeping your rides neat and tidy!
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