Hollywood veteran Tom Cruise will play the legendary Carroll Shelby in a new film titled Go Like Hell, according to trade paper Variety.
Cruise is reported to have teamed with Oblivion and Tron: Legacy director Joseph Kosinski for the film, based on the 2009 book Go Like Hell: Ford, Ferrari and their Battle For Speed and Glory at Le Mans.
Written by A.J. Baime, Go Like Hell is the story of Ford and Ferrari in the fight for Le Mans glory in the 1960s, after a failed bid to buy Ferrari moved the American carmaker to move its assault to the track.
"Henry Ford II, with the help of a young visionary named Lee Iacocca and a former racing champion turned engineer named Carroll Shelby, concocted a scheme to reinvent the Ford company," the book's blurb reads.
"They would enter the high-stakes world of European car racing, where an adventurous few threw safety and sanity to the wind. They would design, build, and race a car that could beat Ferrari at his own game, at the most prestigious and dangerous race in the world, the 24 Hours of LeMans."
The film is understood to have been in the works at Fox since 2011, with director Michael Manning (Hancock, Public Enemies) and actor Brad Pitt originally attached.
The project has since moved to Kosinski and Cruise, who have already worked together on Oblivion, released earlier this year.
There's no word yet on who will play Ford II, Iaccoca or Ferrari, but with filmingexpected to begin in 2014, more news should come soon.