Takata Corp. Chairman and CEO Shigehisa Takada appeared in front of the media on Thursday and indicated that he doesn't intend to resign from his post, adding that the firm still has no clear vision of when it may be able to pinpoint the cause of defective air bags.
"I am truly sorry for the people who passed away and were injured" due to accidents caused by the air bag inflator exploding, Takada said during a news conference following the firm's annual shareholders meeting in Tokyo.
Asked if he plans to step down from his position, he said: "We feel deeply responsible that our products caused the troubles."