Fast & Furious Presents: Hobbs & Shaw is racing into cinemas this summer, but it isn't the only car-centric film releasing this year. Last year, we heard about plans to release a film chronicling Ford's historic battle against Ferrari in the 1962 24 Hours of Le Mans, and now the first trailer for Ford v. Ferrari has just dropped. And it looks epic. This looks like the film every motorsport fan has been waiting for.

Much like Ron Howard's 2013 film Rush that depicted the rivalry between Formula One racers James Hunt and Niki Lauda, Ford v. Ferrari is based on a true story. Directed and co-written by James Mangold who helmed Logan, the film chronicles how Ford built a revolutionary race car to battle Ferrari and went on to secure a 1-2-3 win at the 1966 24 Hours of Le Mans.

The film stars Matt Damon as a young Caroll Shelby and Christian Bale as British driver Ken Miles as the pair "battled corporate interference, the laws of physics, and their own personal demons" to create the legendary GT40.

The trailer starts with Ford executive Lee Iacocca (Jon Bernthal) asking Shelby what it will take to "build the greatest race car the world's ever seen to win the 24 Hours of Le Mans. Shelby explains it's something that money can buy and that it's more about than just raw speed. Race engineer and driver Ken Miles is then enlisted by Shelby to help him build the GT40 that goes on to beat Ferrari. The race sequences look exhilarating with several vintage race cars on display including replicas of the Ferrari 330 P3 and 275 GTB and some wince-worthy crashes that were sadly common during this era of motorsport. To balance the drama, we even get to see Henry Ford II get taken for a spin by Miles in the GT40 in a comedic scene that reduces the Ford boss' "born-ready" attitude to tears.

Ford v. Ferrari races into theaters on November 15. Judging by the trailer, we're going to be in for an incredible ride. Ford v. Ferrari has the potential to become one of the best racing films ever made, up there on the podium with classics like Grand Prix and Le Mans.