Yes, there are some great racing games available.
Are you searching for a simulator or arcade game? Do you have a wheel? Is there anything else helpful you'd like to share? (Triple screens, track IR?)
The top choice is the crew or NFS 2015, expected to launch on PC this spring.
You've checked out Grid Autosport. If you enjoy casual racers, Project Cars could be a good fit, as could Dirt3 or Dirt Rally.
Sonic and friends competing in a racing game.
My top rally drivers are DiRT 1 and Richard Burns Rally. DiRT Rally is also great.
Quickly, it's a Michael Bay racing title. I tried it on PS3; I'm not sure about the PC versions, but it's super enjoyable!