there is no official mention of a "season 2" per se... but there was an announcement in a Japanese website by a group called OB Planning about a plan to release episode 15-16 tentatively on 16th June (maybe 18th June cant remember correctly)
my source is an Initial D forummer from the US who understands written japanese, so its up to u guys whether to believe it or not. im just crossing my fingers. as i have said earlier, the anime cannot overtake the manga becoz there will be problems. they didnt announce all episodes in advance bcoz the anime team need to wait for the writer (Shuichi Shigeno) to continue the story in order for them to start work. The problem here, is the anime cuts and takes the story too close to the newest manga, making them almost side by side in production. if they dunno whats gonna happen in the comic, how to animate?
SPOILER WARNING! SPOILER WARNING!
I HAVE POSTED A LITTLE INFORMATION THAT WILL SPOIL THE STORY IN THE COMING EPISODES. DONT BLAME ME FOR BEING A JERK AS I HAVE LEFT THE CHOICE ONLY FOR THOSE WHO ACCEPT THEM. TO READ THE INFORMATION, HIGHLIGHT THE WHITE AREA BELOW
sorry to those who have different display themes that render white text readable (if any) heheeh :p
the latest manga released in the US as of March 2005 has only come up till the battle between Keisuke's FD and the goldish Skyline GT-R featured in the intro of episodes 11 and above. The conclusion of that battle may have been released in the manga, but even then, it only means that the anime episode for that battle is still in production (probably 17-18)