Oh, here it is TCR (total control racing):
https://youtu.be/OgsGEbaS4Rw
And it actually was as cool as the commercial made it out to be ... but you had to really have your timing down to get clean pass on a short straight section.
I think I had 4 cars but the none of them were well matched against each other for performance, so there was always a guanteed faster car (very likely the winner) no matter which pairing we picked ... but it was still a lot of fun back in the day.