One problem related to air bag light on has been reported for the 2007 Ford F-150. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2007 Ford F-150 based on all problems reported for the 2007 F-150.
On 9-26-14 the airbag light came on then went off after 10-15 minutes. I drove the vehicle approximately 10 miles on 9-26. At 1pm on 9-27 I started the truck and within 5-10 seconds the airbag exploded. The vehicle was still in park as I was opening mail before leaving. I was not seriously injured but had a sore right shoulder most of the day. Ford is telling me I have to pay for a new airbag as they are only guaranteed for 5 years. My truck has never been in an accident, purchased it new in 2007 and it just turned 41000. This is a major hazard as I had no warning of deployment, only my airbag light went on. I told Ford of I had to pay for the airbag then I wanted all parts removed. Ford is going to call me on 9-29-30.