Bloody Rally Show

In a dystopian near future, the government is hosting a wildly popular reality TV series, called “Bloody Rally Show”. In attempt to recreate the infamous Group B, racers drive the fastest, most powerful, and most sophisticated rally cars ever built, and each race usually involves a series of major accidents.

Developers: Game Hero Interactive
Publishers: Game Hero Interactive

About This Game
You're looking at a highly moddable, violent top down arcade racing game with infinite variety of randomly generated race tracks, campaign mode with dystopian storyline and side-missions.

A short list of key features:

Satisfying arcade-style car physics (handling, drifting, speed)  
Infinite amount of randomly generated Race Tracks  
Campaign mode, with both single player and local co-op  
Possibility to share your custom built cars and tracks on Steam Workshop for others to enjoy  
Racer XP and level-up  
Campaign mode with missions and AI storyteller  
Car tuning and upgrades  
Custom paint jobs and racer avatars  
Split Screen Local multiplayer for up to 4 players  
Configuration setting to turn off blood (for family friendly split screen racing sessions)  
Races with 100 opponents!  
Ramps and jumps  
High quality OST with dozen of full-length tunes

More plans are at public issue tracker (with voting enabled): https://trello.com/b/gXurVAiZ/bloody-rally-show-public
Mature Content Description

The developers describe the content like this:

There is blood, violence, cursing, bad jokes and randomly generated insults in cutscenes. If you are offended by things like organic coconut oil being rubbed on your tires to make them slippery, this game might not be for you.

Most of this can be turned off in settings.