Bugbear Entertainment, the developers behind the Flatout series as well as that quirky Ridge Racer game from last year have revealed their previously teased project. The game is called "Next Car Game" and it is meant to be a spiritual successor to the Flatout franchise with destruction derby style of racing inspired by the Finnish Jokamiesluokka folk racing. Top Gear did a little feature on the subject a few years back which I will embed below because I was unable to embed the developer video on the site.
Apparently publishers weren't keen on the game so Bugbear have decided to crowdfund the game through PC pre-orders. It should be noted that these pre-orders are not going through Kickstarter or anything like that, so all the money that Bugbear receives through these pre-orders they will keep. The cheapest pre-order is 25 bucks and once Bugbear reaches 10 000 pre-orders they will release a demo for backers. The developers are also considering releasing the game on current and next-gen platforms if they can gather enough funds and interest. You can bug Bugbear through Twitter if you want the game to be released on your platform of choice.
You can find more info including a video with footage from the game which I wasn't able to embed here through this link.