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Takata president apologizes for air-bag deaths, considers compensation fund

Takata President Shigehisa Takada made his first public apology for the eight deaths and hundreds of injuries related to the companys air bags.

By Ma Jie, Bloomberg, Masatsugu Horie, Bloomberg | Updated on June 25, 2015
Takata Chairman and CEO Shigehisa Takada bows during a press conference regarding the expanding recall of his company's air bags in Tokyo on June 25, 2015. Takada apologized to shareholders of the company at the center of a defect scandal that has resulted in recalls of 33.8 million air bags. (AP Photo/Shuji Kajiyama)

(Bloomberg) – Takata Corp. President Shigehisa Takada made his first public apology for the eight deaths and hundreds of injuries related to the company’s air bags dating back more than a decade.

Takada, 49, bowed and apologized at a press briefing in Tokyo after the company’s annual shareholders meeting Thursday. He said the auto-parts maker is considering ways to help victims, including by setting up a fund to compensate them.

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