We first reported on the project back in 2011, when Michael Mann was nearing a deal to direct, although it doesn't appear that he is still involved. The drama is based on A.J. Baime's book Go Like Hell: Ford, Ferrari, And Their Battle For Speed And Glory At Le Mans, which followed Ford's decision to challenge Ferrari's dominance at the 24-hour LeMans race. The Ford team lead by Henry Ford II, Lee Iacocca and Carroll Shelby developed the Ford GT40 in 1966, which became the first American-made sports car to win LeMans. The car went on to win the next four LeMans races.
We reported last week that Joseph Kosinski is directing an untitled action-thriller for Media Rights Capital, although it isn't known when that project will come together. He also has The Twilight Zone, The Black Hole and Tron 3 in development.