#atlanta

Porsche‘s newest headquarters and test track are being built in Atlanta, and the city wanted to rename the street it’s located on from Henry Ford II Avenue to Ferdinand Porsche Avenue. But the city has since reconsidered.

The automotive industry is a global business that is constantly evolving and growing, and we here at AutoGuide know it can be hard to keep up sometimes. So here is a summary of the top stories you may have missed this week:

A drifting ban affecting Atlanta residents is causing discontent among the automotive community and catching more and more media attention.

There are two things you may take away from this: 1.) there’s an International Parking Institute, and 2.) there are places in America to park that aren’t a painful, emotionally-draining experience.

In fact, places like Gateway Self Park, in Chicago, are actually a rather pleasant place to ding your bumper. The International Parking Institute cited this facility as well as 12 others around the country in the 2011 Awards of Excellence competition.

Parking is a $25 billion dollar industry, and the best parking garages are distinguished by their cutting-edge architecture, environmental impact, ease of parking, and efficiency. The Chicago garage, for example, recycles its own water and power and features electric charging and a green roof. Categories included “Best Design of a Parking Facility with Fewer than 800 Spaces,” “Best Parking Facility Rehabilitation or Restoration,” and “Innovation in a Parking Operation or Program,” which does not just consist of getting your parking validated from TGI Friday’s.

Click the jump to see if your city made it.

The old plant, which is located near the Hartsfield-Atlanta International Airport, has been leveled and cleaned of any environmental hazards. Porsche is hoping to start fresh and building a facility to their liking, which will reportedly have its own test track on-site.

Red Bull has made a name for itself with crazy motorsport antics. The latest stunt is profiled in a video of their drifters, Rhys Millen and Ryan Tuerck, piloting Red Bull-sponsored machines sideways through Peachtree Street in Midtown Atlanta, Georgia. The tandem street drifting was part of a promotion for the Formula Drift event in Atlanta and even gave the mayor of Atlanta, Kasim Reed, a ride-along.

Rhys Millen was piloting his Hyundai Genesis Coupe while Ryan Tuerck was in his Pontiac Solstice Coupe, which is now retired from competition – Tuerck is now competing with a Chevrolet Camaro. Needless to say, Red Bull did a fantastic job capturing it all on video for us to enjoy.

Check out the video after the jump: