German carmaker Volkswagen rejected Sunday a report that chief executive Herbert Diess knew of the financial risks from the firms massive diesel cheating earlier than he has so far acknowledged.
Oliver Schmidt, a former VW manager jailed in the US over dieselgate, told the FBI he had briefed Diess and other executives about the cheating and the potential financial consequences on August 25, 2015, German weekly Bild am Sonntag (BamS) reported.