There is a movie set in the world of F1 tentatively called RUSH and I heard the studios have put Michael Mann's (he of Miami Vice) project "Go Like Hell" on ice, until RUSH has passed through (which I guess means come and gone) . RUSH is a Peter Morgan script about Niki Lauda’s 1976 season, which features highlights like a rivalry with English racer James Hunt, and a near-fatal crash in which Lauda lost the track, crashed, burned and went into a short coma. James Hunt won that race, but Lauda persisted in challenging him throughout other Grands Prix that year.
More can be read here:
Few F1 films see success in U.S. - Entertainment News, Film News, Media - Variety
'Go Like Hell', a true life based saga about the Ferrari vs. Ford rivalry for supremacy at the 24 Hours of Le Mans race during the 1960s, was written by Playboy articles editor AJ Baime, it's a good fast read. It was close to being green-lighted at Fox last year, but then this other movie came out of nowhere (not to be confused with the documentary SENNA) so guess we have to hope RUSH does well, though for this fan the Sixties is it, no interest in any race cars/teams/drivers from '70s on up. (We all pick our era, I think)
Michael Mann must be feeling a little bruised since his TV series LUCK got cancelled just as they started filming the second season through pressure from PETA after three horses died--I think he got a bum rap, one wasn't even being filmed when it died and horse injuries are it's a fact of life in horse racing (more often they get such an unrepairable injury they have to be put down).