* Turn off the car immediately. This is the most important step. Do not try to diagnose the problem while the car is on.
* Disconnect the battery. Locate the negative (-) battery terminal and disconnect it using a wrench. This will cut power to the entire system and help prevent the fire from spreading.
* Evacuate the vehicle and move to a safe distance. The fire could spread quickly.
* Call for professional help. Call your local fire department and an auto electrician or mechanic specializing in older vehicles. Do not attempt any repairs yourself.
The smoke likely originates from a short circuit within the steering wheel's electrical components – possibly the clock spring, airbag system, or other wiring. These components are complex and require specialized tools and knowledge to repair safely. Improper handling could lead to serious injury or further damage.
Do not attempt to diagnose or repair this yourself. The risk of fire and electric shock is very real. A professional will be able to safely assess the situation and determine the cause of the smoke.