Records are meant to be broken and even though the Guinness World Record officials are keeping a lid on the video of the Chinese driver who beat German Ronny Wechselberger's feat for the tightest parallel parking on July 21, live footage shot by someone from the crowd has made its way online.

Exactly a month ago to this day, Saab announced a deal with China's Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co while also revealing a grand plan for expanding its range with three new models, the 9-1, 9-6X and 9-7. It also delivered its first 9-4X in the US. All’s well that ends well, right?

Well, in Saab’s case it looks like we haven’t seen the end just yet. The Swedish firm continues to face a cash-flow problem. Thus, it issued a press release concerning the subscription notice for 5 million shares under a €150 million agreement between Swan and GEM Global Yield Fund Limited.

Toyota is planning to launch a new small car designed specifically for China in 2013, according to a report from Reuters citing the Nikkei business daily newspaper.

The new small car will be a little larger than the low-cost Etios that is sold in India. A 1.5-liter gasoline engine will power it and prices are expected to begin from under 1 million yen (approximately US$12,853).

It may have been a while since we last showed you a "Made in China" doppelganger, but rest assured, the economic giant from Asia, never sleeps.

As if it weren't troublesome enough that China reaps all the benefits of free trade to sell its products everywhere while enforcing all kind of rules when it comes to imports (did you know, for example, that only 20 foreign films are allowed for release in China each year?) or opening a local business, the country has also established notoriously lax patent and copyright laws.

While not in significantly large numbers, many Chinese companies have targeted the automotive industry creating various knock offs of European and Japanese vehicles. Longtime Carscoop reader John F.T. from Norway* discovered yet another copy while browsing on a local online marketplace.

Small boutique sports carmaker Caterham is looking for ways to expand its sales reach by entering Asia’s most lucrative car market. The UK-based company announced today that it has signed an exclusive deal with import firm Courtenay Trading International (CTI) to sell its iconic Seven model in China.

Caterham said that even though it has had a “long-standing presence” in the Far East, most notably in Japan, this will be the first time the Seven will be available in China.

At a press event on Monday, BMW sales chief Ian Robertson said that he expects the brand’s sales in China to grow, albeit not at the extraordinary rate of 61% that it achieved in the first half.

"In the second half of the year we will not have such a fast growth rate in China as in the first half because of the high year-earlier level of comparison, but will still have growth," said Robertson.

Volvo wants to increase its sales in China by at least 60% this year, to 50,000 cars, and to 200,000 by 2015. And how does the Swedish carmaker, which is owned by China’s Geely, intend to do so? By adding user-friendly comforts and a touch of luxury, according to Volvo’s CEO, Stefan Jacoby.

The reason for this shift is that Volvo’s greatest asset, safety, is not a unique selling point any more now that most rivals have made similar advances in this sector.

The first Fiat 500 to make its way into China was presented today in Shanghai by Fiat Group Executive Vice President for International Operations, Lorenzo Sistino.

To celebrate the launch, Fiat crafted a special version named 500 “First Edition” featuring bodywork graphics by five young Chinese designers. The special edition will be available in a limited run of just 100 numbered units ahead of the city car’s regular launch in China on September 15.

Car buyers’ preferences in China are shifting towards European models and away from domestic and even Japanese vehicles, according to a new study published today by JD Power Asia Pacific. This is the third year that the study takes place.

The latest edition included 65 brands and 161 separate models in nine segments and is based on responses from 4,979 potential buyers of new-vehicles located in 53 cities.

China has a problem. Although it has the financial and material resources to compete with the world’s automakers, it lacks the design and engineering knowhow.

The solution – to companies such as BAIC, Dongfeng, Chang’an and others – is to seek talent abroad; in Germany, Italy, Japan, the UK and USA. Research and development centres are popping up in Nottingham and Detroit and recruitment fairs are being held in Munich, Stuttgart and Aachen.

Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.

In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.

Crisis? What crisis? For you and me, perhaps, but not for Bentley buyers. The VW-owned British luxury carmaker announced today a 20% increase in global sales for the first half of 2011 with 2,978 cars delivered to customers, the best start for the company since 2008. Read more »

China opened today to the public not just one or two, but amazingly four of the world’s longest over-sea bridges. Three of the bridges are part of the Beijing-Shanghai High Speed Railway, which made its maiden trip today.

This project began in 2008, cost around US$33 billion and employed approximately 10,000 workers. It is expected to carry double the number of passengers than before (80 million versus approximately 40 million), whilst also reducing the time it takes to make the journey from 10 to less than 4 hours!

In preparation of the big reveal of the M5 Concept at the Auto Shanghai 2011 in China later this month, BMW has churned out a new video of its high-performance sports saloon. What we get to see here is the thinly disguised M5 study on the move, though in an unwanted politically correct manner. Read more »

On Wednesday, Mercedes-Benz introduced an impressive design study for the next generation of the A-Class, heavily influenced by the brand's recent concept cars, mainly the F800 and the CLS Shooting Brake. Now, we have two new video of the concept model. In the first clip, exterior designer Mark Featherston, who worked on the Concept A-Class, explains the important styling features of the compact car in a short film released by Mercedes-Benz.

The German automaker also presented the first footage showing the Concept A-Class in motion and capturing the car's most appealing exterior and interior angles. Scroll down to watch both videos dedicated to the concept that previews Stuttgart’s upcoming rival to the BMW 1 Series and Audi A3.

Audi has revealed the first official teaser sketches of its Q3 ‘baby’ SUV model, prior to its world premiere at the Shanghai Auto Show later this month. The drawings confirm the Q3 will look pretty much like the Cross Coupe quattro design study unveiled by Audi in 2007.

However, the front end of the production Q3 seems changed in comparison with the aforementioned concept, with the headlights sporting a thinner, stretched shape and being mirrored in the lower side of the bumper by the spaces for the fog lights.

At the back, the car looks similar to the concept, with the exception of the tailgate window angle, which is not as inclined as on the Cross Coupe quattro.

BMW has teamed up with joint venture partner Brilliance China Automotive Holdings Ltd. to develop a new plug-in hybrid model based on the long wheelbase version of the local market 5 Series Sedan, which is available exclusively in China. The prototype model will receive its world premiere at the Auto Shanghai 2011 later this month.

Mercedes-Benz plans to show up at this month’s Shanghai Auto Show with a brand new concept for a spectacular looking A-Class model. While the Concept A-Class is just what its name says it is – a prototype study - it’s also a very good indication of where the company plans to take its BMW 1-Series and Audi A3 rival with the presentation of the next generation model that is scheduled to go on sale in 2012.

For starters, Mercedes is giving up the minivan-like silhouette of the current A-Class for a more dramatic and sporty looking two-box profile with a long bonnet and a low roof-line. The concept’s exterior design details are heavily influenced by Stuttgart’s most recent prototypes such as the CLS Shooting Brake and especially the F800.

Aside from the new nose with a prominent Mercedes grille, the three-door Concept A-Class also features concave surfaces with sweeping lines throughout the body.

Being that China is one of BMW’s largest and most important markets in the world, it only makes sense that the Bavarian company bring all of its products including any special models like the 7-Series Steinway & Sons Limited Edition that was first shown in late 2010. The special edition 7er, which was created by BMW Individual as part of an exclusive partnership with New York-based piano manufacturer Steinway & Sons, was revealed at a special event in China.

As time goes by, Fiat SpA’s integration with the Chrysler Group LLC deepens and the results become more evident with the two carmakers making several plans for the future. Speaking at Fiat's annual shareholders meeting on March 30, Fiat and Chrysler CEO Sergio Marchionne revealed plans to launch two new Dodge-based sedans in China and Russia.

The first sedan will be a compact model built on the next generation Dodge Caliber, which is expected in the USA next January. According to an Autonews report, this model will enter production in China in the second half of 2011, while timing for the Russian launch has not yet been disclosed. The other four-door saloon will be a mid-size model based on the replacement for the Dodge Avenger, which is scheduled for launch in the USA in 2013. It will go on sale in China and Russia the same year.