Stainless, the developers of the original Carmageddon title, acquired the franchise from owners Square Enix earlier in the year. The new game is said to be in "early development".
Carmageddon has returned to its Indie developer roots, and the time is right to bring the game to a new audience, said Patrick Buckland, Stainless co-founder and CEO.
Originally an ambitious title that tested the hardware limits of its day, were excited that the game will finally get the showcase it deserves on todays platforms.
Studio co-founder Neil Barnden added: Carmageddon: Reincarnation will feature the same black humour and comic violence that made the original game such a success.
All the laughs, the crazy power-ups, and extreme destruction will return. We will make sure the existing fans get what they want and expect from a Carmageddon game, and a new generation discovers the delights of sliding into a Cunning Stunt.
The game's official website can be accessed through here.
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