Microsoft and Turn 10 Studios have announced the fifth installment in the Forza Motorsport franchise.

Microsoft and Turn 10 Studios have announced the fifth installment in the Forza Motorsport franchise.

It was only a week ago when Sony together with Polyphony Digital revealed Gran Turismo 6 for the PlayStation 3 (most likely will end up on PS4 as well) and now Microsoft and Turn 10 Studios are getting ready to launch Forza Motorsport 5 which will be available later this year when the Xbox One gaming console comes out.

In this announce trailer presented during the console's launch yesterday we get to see a close race on narrow city streets between the legendary McLaren F1 and its successor, the recently unveiled P1. Expect actual gameplay footage at next month's E3 show.

Forza Motorsport 5 will be available exclusively on Xbox One so 360 owners will have to make the switch to Microsoft's new console in order to play the game.

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