One problem related to power steering light on has been reported for the 2004 Toyota Camry. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2004 Toyota Camry based on all problems reported for the 2004 Camry.
When turning right at about 25mph, the steering wheel completely locked up. I applied the brakes immediately but they car still impacted, then continued over the curb. The steering wheel remained locked for a while after the car came to a stop and then finally released. Prior to this incident the steering wheel had locked on several occasions only when the car was shut off and parked, although it remained locked stubbornly even after the car was put in drive and the steering wheel adjusted slightly. This was the first time the car locked up while the key was in the ignition and the car was in motion.