This is an early trailer or selfrunning demo for the futuristic racing Game "Battle Race" from 1995; the game was released 1996.
The game was developed by the German Ikarion Software GmbH.

No Music, no sound.
I found this on a CD from German PC gaming magazine "PC Games" (Issue 6/1995). I think this was all the developer had for the show. :)

Looks a bit like Descent though...

© 1996 Ikarion Software GmbH
© 1996 Soft Enterprises GmbH