Gamebreaking bug in latest update - Car movement completely off

In the latest update something has changed causing car movement to feel off. Personally I notice it most whilst turning, which now feels sluggish, heavy and as if I am "on ice" (especially noticeable whilst powersliding). I saw some other people mention that it feels like they are driving a boat now, and their car is no longer as responsive, especially on turns.

I noticed a few other people reporting similar across all different types of platforms (im on steam) in the update release thread, but I really want to bring more attention to this issue since it makes the game feel unplayable and significantly less enjoyable. If it matters at all, I am using the skyline.

Hoping this can be fixed ASAP.