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Most expensive recall in history forced Japanese auto company Takata to file for bankruptcy

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Takata was pushed into bankruptcy after being involved in the complex, expensive recall of explosive airbags. The dangerous airbags have led to the death of 28 people in the U.S.

Takata filed for bankruptcy amid "the largest and most complex safety recall in U.S. history," according to the National Highway Traffic Safety Administration . Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple of weeks or months to conclude. In fact, the recall is still ongoing, with millions of vehicles still on the road containing the deadly airbags.

Certain Dodge, Ford, Honda, Nissan, Mazda, Poniac, Toyota, Acura, BMW and Chrysler cars appear on the list. The full list can be found at NHTSA.gov. The airbags manufactured by Takata are prone to explosions when deployed after experiencing long-term exposure to high heat and humidity, according to NHTSA. It was determined by NHTSA that the main cause of this problem was "airbags that use ammonium-nitrate-based propellant without a chemical drying agent.

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