Gran Turismo Sport will be a Playstation 4 exclusive and, according to creator Kazunori Yamauchi, will be "vastly superior" to the previous GT titles.
Click here to watch the official trailer on our Racetube.
The game will include two main online FIA-sanctioned championships with real prizes, one for manufacturers and one for individual drivers representing their countries. This will also be Polyphony's first game on Playstation 4, and apparently Playstation VR support is in the dev team's plans.
GTSport will have a beta due "early 2016".
What do you think of Sony's announcement? Let us know in the comments.
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