The Hollywood Reporter is reporting that the CHiPs movie is back in production with a new cast. Dax Shepard will write the script, direct and play Jon Baker, and Michael Pena will play Frank Poncherello. More info here:

http://www.hollywoodreporter.com/news/dax-shepard-making-chips-movie-729677

Dax Shepard Driving Warner Bros ‘CHiPS’ Film; Michael Pena To Play Ponch