The game is under development by Stainless Games, the developers who originated the series with Carmageddon in 1997. The original game sparked controversy for its intensely violent vehicular combat.
"Carmageddon has returned to its Indie developer roots, and the time is right to bring the game to a new audience," said Stainless Games co-founder Patrick Buckland.
"Originally an ambitious title that tested the hardware limits of its day, we're excited that the game will finally get the showcase it deserves on today's platforms."
"Carmageddon: Reincarnation will feature the same black humour and comic violence that made the original game such a success," said other Stainless co-founder Neil Barnden.
"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."
Carmageddon: Reincarnation will release as a digital download title in 2012.