While the reporter can not confirm that Star Fox Grand Prix is the name of the new project of Retro, some details of the information presented above go with what he has heard about it.
As for what else we know about the game, it appears that it will be a mixture of Diddy Kong Racing and F-Zero, though gameplay will be closer to F-Zero.
What the heck is Retro Studios working on?
Retro Studios may be hard at work on Star Fox: Grand Prix for Nintendo Switch, which has become the latest rumour to swirl around online as E3 2018 fast approaches.
It's also a little-known fact that Retro helped out extensively on Mario Kart 7 on the 3DS, and so do have quite a bit of experience making non-simulation-based racing games.
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The rumor supposedly surfaced from a Reddit user known as DasVergeben, who claims the game is called Star Fox: Grand Prix.
Diddy Kong Racing, developed by Rare and released for the Nintendo 64 in 1997, was a fantastic title that is often glossed over in Nintendo history. Provided if this rumor of the game, is true, then we can surely expect an Adventure mode, boss fights and a hub world to soar around. A sequel, Donkey Kong Racing, was in development for the Gamecube but was eventually canceled due to Microsoft's acquisition of the studio.
IGN was sent to this Star Fox: Grand Prix logo, but we can't confirm its authenticity.
Although according to some fan theories F-Zero and Star Fox are set in the same universe, and at the very least Star Fox games have shown the characters competing as race drivers in various epilogue sequences. And if that's the case, Nintendo is nearly certain to pulled the curtain back on the project at E3 next month.