Please, please, PLEASE tell me you have actualy overheated the tyres on a vehicle in real life.
If you have ever oveheated a tyre that badly in real life you would know that LFS's grip loss is fairly realistic. Its not perfect, but when you overheat a tyre it does become like driving on ice.
I overheated the rear tire on my honda dual sport bike, doing stupid things like drifting. And I can tell you, when it gets hot enough, it will not grip at all. I had to stop and let the tyre cool down before I could continue, and this is a small engine bike. If I had a larger engine I would have been screwed. Its just a good thing there was a new set of tyres waiting, which was partly the reason I had fun with it.
Tyres arn't designed to opperate at those temperatures, and when they get that hot they will fade just as badly if not worse than drum brakes, which I also have experiance with.
Tyres start to get greasy when they realy heat up, the softeners and plasticizers boil out of the tyre (causing smoke) and the tyre becomes completely usless, after it cools it will be permanantly damaged as well because the surface will re-harden and become a slick shiny blue-blackish color.
I have seen someone spin around in third gear because they overheated thier tyres, they floored it and did doughnuts because they thaugt it was funny, and then they realized they had just sealed the tyres fate and would need new ones right away.
Before you post something like that, you should do research and figure out if it is realy wrong or not. I personaly have experianced overheated tyres causeing "Driving on soap".