Overwhelmed by airbag recalls and lawsuits, Japanese based company, Takata Corporation filed for bankruptcy protection in both Japan and the United States on Monday, June 26, 2017. The airbags manufactured by Takata Corp. used inflators powered by ammonium nitrate that caused the airbag to explode upon deployment, sending pieces of metal shrapnel into drivers. These faulty airbags were responsible for the deaths of 16 people. In addition to the fatalities, Takata is responsible for at least 180 injuries and is having to deal with the largest automotive recall in the history of the United States. So far 100 million airbags equipped with the faulty inflators have been recalled worldwide, including 69 million in the U.S., affecting 42 million vehicles.