One problem related to transmission solenoid 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.
To whom it may concern, it is more like a question about my concern about a common manufacturers defect. I do not have serious issue at this time but I got some alarming sign on my vehicle that I am afraid it comes back. I have noticed tons of complaint online about Toyota Corolla 2007 giving check engine light with the code p0741, you can already find it online and many of the owner seems to be frustrated about this issue. In many cases car does not have any issue but the light comes and go, specially with the s model. It includes cars with 50,000 miles and above. The number of cases seems to be significant and Toyota dealers seem to offer transmission replacement which is approximately the price of the car. I have seen a recall for 2005 and 006 Corolla for computer change with similar error code but with this high number of complaint, I could not find any recall for Corolla 2007. The code is most often read as solenoid issue while Toyota dealers suggested to replace the whole transmission in all cases(based on reviews). I believe you may need to look into it as it is quiet frequent and may cause safety issue. This seems to be a computer or electrical issue with this model. (but transmission malfunction generally could cause serious issue on the road or highways) please let me know about your opinion on this matter. (I thought maybe you are also investigating a common manufacturer defect, I was not sure where I should report this matter) thanks for your time and consideration.