It's been a while since we last heard about a new installment in the long-running racing franchise Need For Speed. However, according to EA, that's going to change soon with the release of a new Need For Speed game in the near future.

The above news was confirmed by EA during the first quarter financial result for this fiscal year. According to them, a new Need For Speed game will be released later this year, in a time frame between early October and the New Year's Eve. The game is nearly complete, and the title of this new game is still in secret, for now.

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Screenshot from Need For Speed Payback

While the name of the upcoming installment is being kept secret by EA, a retail store from Australia has revealed the name of the game as Need For Speed: Heat. According to them, the title and the release date will be officially announced during the Gamescom Event in Cologne, Germany late August.

Meanwhile, the developer behind many Need For Speed installment Ghost Games has revealed that: "the next time we talk, we’ll be packing our bags and heading south for the full unveiling." Ghost Games' headquarter is located in Gothenburg, Sweden, and by "heading South," they mean to go to Cologne, as the Gamescom venue is in the South of Sweden. This speculation was further confirmed by EA CEO Andrew Wilson during the earnings call, that they will bring the new Need For Speed game to this August's Gamescom event.

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The new game will be revealed at Gamescom

Also, in today's earnings call, EA was confirmed that a new Plants vs. Zombies game is coming to PC along with the new NFS game. However, it's not Plants vs. Zombies 3 - as EA has confirmed that PvZ 3 will be exclusively on mobile devices. Instead, the new PvZ is a shooter, most likely a new game from the Garden Warfare spin-off series. This new game, dubbed PvZ Garden Warfare: Picnic, is getting an Alpha test on August 1st.