Sales of some Nissan, BMW, Porsche cars face South Korea ban

|About: Nissan Motor Co., Ltd. ADR (NSANY)|By:, SA News Editor

South Korea’s government says it plans to ban sales of some cars made by Nissan (OTCPK:NSANY), BMW (OTCPK:BMWYY) and Porsche (OTCPK:POAHF) after it found the companies manipulated documents to make their vehicles road worthy.

The government plans to levy a combined 6.5B won ($5.6M) in fines on the three automakers, which it says submitted documents that already had been used for similar models when they were applying for sales approval for some of their cars.

The government had widened its probe of certifications to more than a dozen foreign automakers after banning the sale of nearly all Volkswagen cars in the country.