Fiat Is Said to Stick With Plans to Spin Off Car-Parts Unit

The transcript discusses Fiat's decision to spin off its car parts business, Magneti Marelli, to simplify its structure and prepare for potential mergers. Mike Manley, the new CEO, aims to continue Sergio Marconi's plans while addressing challenges in the Chinese market. Fiat Chrysler plans to focus on Jeep's localized production in China to boost sales and profits.

What challenges does Fiat Chrysler face in China according to the text?

What is the key project for Fiat to double its profit in five years?