News Snapshot:
June 16 (Reuters) - Volkswagen (VOWG_p.DE) will face investors hungry for answers at its capital markets day next Wednesday on how it will achieve high cost-cutting targets and whether it will heed their calls for an independent audit of its co-owned Xinjiang plant. Pressure is high after a turbulent shareholder meeting in May where activists interrupted proceedings with protests against the carmaker's jointly-owned plant in Urumqi, Xinjiang and investors grilled executives on their plans to take on Chinese competition in electric vehicles. "The 21 June CMD is an opportunity to reset a fraught relationship with investors, a challenging exercise," Jefferies...
