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the seal at the tranny end is bad (you will probably need to remove the speedo drive gear and replace the oring). and that is gear oil coming through the cable... it does happen...
since i wrote that before i read the whole post.... you might want to try and get a new oring from toyota (of if thats what you did try getting a slightly larger oring) and also cleaning up the edges where the speedo drive gear sits in the tranny.
Which cable did you replace? the ae92's use a 2 piece cable... an upper and a lower.... the lower one being only about 12" long and attaches to the tranny directly.
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1) 1990 Corolla "SR5", part silvia, 7age.... & more 2) 1986 MR2, "MK1.22" 91 5SFE/S54 swap 3) 2010 Corolla S 5-speed (the super nice/low mileage DD - wife) 4) 1998 Camry (the boring, high mileage DD - me)
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