In the wee hours of the morning with little fanfare, creator of Burnout and the new Dangerous Golf Alex Ward posted this to Twitter...
Work has begun on a driving game.— Alex Ward (@CrashedAlex) July 27, 2016
According to Eurogamer, there has not been a Burnout game since 2008's Burnout Paradise. As of now EA still owns the rights to the game title, and with the bulk of developers now at an independent company, it's unlikely whatever they'll be making will be called "Burnout".
Even if it doesn't have the name I'm excited to see another Burnout game! I always enjoyed crashing my car and seeing the damage I can do seeing as that's all I'm good at in driving games anyway. I wish the team luck going forward and hopefully we see something before next E3.