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

• 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.