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.¡±