Image source: system16.com
Facts
According to system16.com, this game was released in Japan in 1977. Midway published it in the US, and the flyer has a 1979 copyright date. Interestingly, the Midway flyer seems to have a painted screenshot where the background looks very similar to the pixel art in the game, but the cars look like incredibly simple compared to the actual game.
According to Masumi Akagi's 2005 reference book
'アーケードTVゲームリスト国内•海外編(1971-2005)'
('Arcade TV game list domestic/overseas edition'),