Sounds like Director Ron Howard will helm Rush, a a biopic set in the high-speed world of Formula One. The films is based on a script written by Peter Morgan (who brought us Frost/Nixon): it centers on the 1970s rivalry between Austrian champion Niki Lauda and his nemesis British driver James Hunt. The project is still at an early stage, there's no official release date yet.
"The story of Rush focuses on Niki Lauda, the Austrian three-time F1 champion who nearly died in a fiery crash in 1976, only to emerge six weeks later, still nursing severe burns on his face and head, to pursue his rivalry with fellow driver James Hunt."
Here's a short youtube video that talks about Niki Lauda's near fatal crash during the first lap of the 1976 German Grand Prix:
What actors do you think should play as Niky Lauda and James Hunt?
Anyway, more details about the movie Rush soon!