One problem related to brake abs warning light has been reported for the 2007 Toyota Tacoma. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2007 Toyota Tacoma based on all problems reported for the 2007 Tacoma.
After driving on the highway for a few minutes at ~70 mph, the abs light run red on. When the light turned on the computer thought the car was in a bad situation and locked the brake pedal. This caused the brakes to not function and made the car almost impossible to stop. Whenever the car was able to be slowed down to about 19 mph, the light would turn off and the brakes would start to function normally. This happened once a week for 3 weeks in 2015 and again in February of 2016. It happened again in April 2016. This problem did not happen at low speed and it would not happen twice in the same day, even during the same conditions. I went to wolfchase Toyota to fix the problem. They decided not to do anything about it. I went to principal Toyota and they said they had never seen the problem before. They said that they could reset the computer or put in a new one ($3000). They reset it and for the past few months it has worked.