Thrustmaster Ferarri 458 Italia (from 2014) has too sensitive steering input in Forza Horizon 5

Wheel has 240° steering rotation. No FFB. Wheel is on least sensitive setting.
ON XBOX ONE S

I’m trying to get it working, but the steering input maxes out if I turn the wheel like 5°. I don’t know the exact amount but it is very, very small. Driving this way is literally impossible as you’re giving too much steering for any and all corners.

Horizon 5 also does not let me manually change the steering lock, which is reported as 180° (probably lower internally).
How do I fix this? I need this wheel to work or else I become really slow in races. It worked fine before, but it is completely unusable now.

Quick edit: Seems like pgg are at least aware of this wheel having unusable steering. Hopefully fixed in the American Cars update next month.

Has this been fixed yet?

If not they should add a steering sensitivity setting in the menu.