The speedometer needle isn't directly attached to the shaft, so nothing can break. It is attached to a freely rotating metal "cup" which is preloaded counter-clockwise by the spring and getting pulled clockwise by the two magnets driven by the input shaft, which also actuate the reed switch. It's a rather simple and imprecise system, thats why those old speedos are as accurate as a moon-calendar and got replaced by moving-coil instruments in the mid/late 1990's models.
The needle will just stop at the stop pin right above the temperature gauge. At my FWD Galant the needle always stopped right above 240kph but I had >280kph readings on gps and evoscan logs (which are calculated from the reed switch signal) multiple times... As soon as the speed drops the needle will again follow the actual speed.