One problem related to power steering light on has been reported for the 2007 Toyota Corolla. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2007 Toyota Corolla based on all problems reported for the 2007 Corolla.
Steering issue - occurs frequently - feeling of less control in turns and at highway speeds. Brakes - occasional - sudden increase in brake power when braking lightly at highway speeds. Does not continue after releasing brake pedal but is very noticeable. Have had the brakes (drums, pads) repaired / replaced twice (once at a Toyota dealership) using Toyota parts and the issue persists.