The wording of the official announcement also appears to suggest Slightly Mad Studios will exclusively develop Project CARS GO, with Gameliv operating as the mobile game's official distributor. In addition to Project CARS, Slightly Mad Studios also developed hit racing games Need For Speed: Shift, Test Drive: Ferrari Racing Legends, and more. "Project CARS GO will feature a host of licensed vehicles and deep auto customization options that will bring the authenticity and feel of Project CARS to mobile devices". You can rest assured that Slightly Mad Studios, the original developer, is involved in the mobile version though. "The racing genre has a large, dedicated fan base, who are going to be stomping the gas pedal and burning rubber very soon".
The third Project CARS game is in development, but it's something of a spinoff. Neither Slightly Mad or Gamevil has disclosed any formal details about the mobile title's gameplay or even given any basic indication of how the racer will play. We have no launch date at this point.
The sudden return of Project CARS, even as a mobile game, is quite surprising.
Project CARS hangs its hat on being a faithful simulation of racing across all types of vehicles and conditions. Their most recent release was Project CARS 2 on PS4, Xbox One, and PC.