Paramount Pictures is on board to distribute Michael Mann’s “Enzo Ferrari” pic with Christian Bale set to play the iconic auto magnate, sources confirm, according to Variety.

Mann will direct with Vendian Entertainment and YooZoo Bliss Film Fund financing the highly anticipated project, which will shoot next summer in Italy. Paramount is handling worldwide distribution rights except for territories being handled by Vincent Maraval’s Insiders.

The movie takes place in 1957 and follows the personal story of Ferrari and his sprawling world as he faces a brutal challenge to his survival.

Mann will produce along with Vendian and YooZoo Bliss. YooZoo Pictures also will distribute the film in China. Vincent Maraval’s Insiders will commence international sales on selected territories at next month’s American Film Market.

Troy Kennedy-Martin penned the script, which is based on the biography “Enzo Ferrari, The Man, the Cars, the Races,” with David Rayfiel and Mann doing a recent polish.

CAA, which represents Mann, arranged financing for the film and brokered the distribution deals. Production partners also include Vittorio Cecchi Gori and Gabrielle Israeliovici.

Bale can be seen next in Paramount’s “The Big Short” and just wrapped production the Terry George-directed “The Promise.”

Deadline Hollywood first reported the news.