Pretty awesome stuff. Hollywood budget, currently filming at the Nurburgring Nordschleife in replica McLaren M23's (with a legit Cosworth DFV). Story revolves around the '76 F1 Championship between Niki Lauda (who's serving as a technical consultant for the film) and James Hunt.
The film is going to be historically and technically accurate (Ron Howard did Apollo 13), and if you know the '76 story, it's pretty epic.
Ron's been posting pics on his twitter feed:
http://tinyurl.com/86qcm5j
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