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OK, The cable is Broken. So, What you need to do is, Folow the cable and, Release it by Hand. Please be sure That the transmission is in Park. At the end of the cable the steel wire should still be attached. To the release tab just pull the release tab or you may be able to pull the end of the broken Inter Cable. You'll need to place your, Head under the steering Column. To see the E Brake Assembly. You can't miss it.
Your parking brake cable is connected at one end to the release handle and the other end to the pedal ratchet mechanism. If you get your head under the dash you should be able to see where the cable used to attach and pull the lever with your hand or pair of pliers to get the pedal to release. You might have to remove a trim panel to get to it, but it is possible to do.
The release mechanism is under the dash. The cable you pulled out is not the brake cable but is just to release the ratchet mechanism. Find the pivot bracket under the dash that the cable came out of and pull it outward to release the brake.
For the time being, you can crawl down under the dash, follow the parking brake cable and see where it connects to the brake mechanism under the dash. You will be able to pull or pry on that part in order to release the parking brake. To replace, remove the cable from the points where it's attached (dash, brake release mechanism) and reinstall the new one.
Same thing happened to me on my 2000 silverado July 3, 2009. There is a release next to the parking brake pedal. You have to reach way under the dash but it has worked for me for the last month. I have the part to fix it but haven't had the time.
Either remove the drivers side rear wheel and disconnect linkage or cut the cable from underneath (do this as a last resort... if you want to keep your emergency brake for future use, you'll have to replace the cable.)
The cable splits under the cab. One side to the right rear-one side to the left. There is an adjustment under there as well to take up any slack.
Have you repalces your rear brake shoes? As they wear out, your parking brake cable wll become slack. You need to see how much pad you have left.
Hello all, this happend to my 2002 taboe as well. There is a handle under the dash below the steering column. The handle is conected via a cable to the parking brake foot mechanism. This cable is known to break. This part is available online through numerous websites for roughly 17-25 dollars, ebay has it but it goes for roughly 35 dollars. It is very easy to install with a pair of pliers and a wrench. The cable is about a foot long and comes with the release lever already installed.