For the sound to "null"... it has to be exactly 180 degrees out of phase.
You wouldn't be able to mic each car... and shoot all that sound thru a PA... and expect it to null.
The cars are moving, the noise is changing dynamically...
The PA would be stationary.
Theoretically, If you could mic each car... and each car had an onboard sound generator that could output the same dynamic noise 180 degrees out of phase... this would be plausible.
I believe auto manufacturers have already experimented with this for reducing noise