Tom Cruise is reteaming with his Oblivion director Joseph Kosinski for Go Like Hell, a racing drama set up at Fox, The Hollywood Reporter said.

The project tells the true story of the competition between the Ford Motor Company and Italian sports car designer Enzo Ferrari, which culminated at the 1966 Le Mans race.

It is based on the book Go Like Hell: Ford, Ferrari and Their Battle for Speed and Glory at Le Mans, written by A.J. Baime and published by Houghton Mifflin Harcourt in 2009.

Michael Mann was once attached to direct the project.

The project is in the early development stages and the script is likely to be overhauled to suit the stylings of Cruise and Kosinski. The studio is said to be making this a high priority with a plan of getting it before cameras next year.