In a story from The Los Angeles Times, it looks like Timur Bekmambetov (Wanted) might be directing Red Asphalt for Lionsgate.

According to sources in the story, last year the studio "quietly" picked up a pitch with that title. At that time Timur Bekmambetov was brought on to direct. Andrew Baldwin is apparently writing the script.

Red Asphalt is being called an edgy 3-D thriller. Sadly, not much more is known about this project at this time.