Live for Speed
The best racing simulation out there right now.
Information
Founded:
Latest (Patch Z): July 2nd, 2008, first release July 2003
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Basic Info
 

Founded:
Latest (Patch Z): July 2nd, 2008, first release July 2003

Detailed Info
 

Website:
http://lfs.net
Company Overview:
Live for Speed (also known as LFS) is an online racing simulator developed by a three person team comprising Scawen Roberts, Eric Bailey, and Victor van Vlaardingen.
Mission:
To provide a realistic racing experience, emphasis being on the online multiplayer game but also in single player one may race against AI cars, try to set lap records in hotlap mode, or take driving skills lessons.

in other words:"LFS S2 is a serious racing simulator. No arcade modes, no steering aids - YOU have to do the driving"
Products:
LFS series