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Import taxes from 60% to 100% in the world's fourth-largest car market rank among the highest globally

The Melfi plant, which employs more than 7,000 workers, produces the Jeep Compass and Renegade models, some of Stellantis' bestsellers in Europe.

Stellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.

Land Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport.

The largest U.S. automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.

India stepped up vacuum gasoil exports to the United States this year in an unusual trade flow for the oil product.

India's oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy discounted Russian barrels and boosted purchases of West African crude.