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Due to a heart issue, professional racer Carroll Shelby (Matt Damon) is forced into an early retirement and transitions into the auto industry. He is friendly and likeable, a people person, and a good salesman. He is also a brilliant engineer and designer of vehicles. To support his wife Mollie (Caitriona Balfe) and son Peter, racer Ken Miles (Christian Bale) runs his own business and works as a technician (Noah Jupe). He doesn't sugarcoat anything and occasionally makes consumers unhappy because he tells it like it is. When Ken is informed that his car doesn't comply with the rules at a race, he starts yelling angrily at the race official. Carroll notices this and calms him down, but later the two argue and Ken throws a wrench at him. Ken is later forced to give up most of his racing in order to support his family after the IRS comes and closes down his garage. Henry Ford II (Tracy Letts) is unhappy at Ford Motors right now since sales are dropping and his father's business is in jeopardy.He starts accepting ideas from his subordinates, such as Lee Iacocca's (Jon Bernthal) suggestion that the sexiest automobiles are race cars, such as Ferraris. He asserts that Ford will be at the top if they can win the Le Mans, a 24-hour event. To do this, they take a plane to Italy and propose a deal to the struggling Ferrari: they will purchase the business in exchange for Enzo Ferrari's (Remo Girone) continued leadership of the racing section. Ferrari makes this offer in an effort to entice Fiat to purchase Ferrari. Ferrari tells the Ford executives to get lost and refers to Henry as a fat pig.Henry makes them repeat what Ferrari said in full when they get back, and he vows more fervently than ever to defeat Ferrari. He makes the decision to launch their own racing division. Lee asks Carroll, the lone American to ever win the Le Mans race, whether he will lead their racing team and oversee the development and testing of their vehicles. Carroll concurs and asks Ken, the best driver he is aware of, to participate. Mollie furiously demands to know the truth as soon as she notices Ken leaving with Carroll. She is happy when he tells her that he has been offered enormous salary to race, but she doesn't want him to ever lie to her.Leo Bebee (Josh Lucas), a Ford vice president, approaches Carroll and informs him that Ken's rakish, unpredictable quality is not part of the Ford brand and that he cannot be trusted to do press and represent Ford well, and that he cannot be their driver. The team starts getting the car ready for their first major race. Carroll argues for Ken, but ultimately must inform him that he won't be racing, which infuriates Ken. Carroll is successful in persuading Henry to enable Ford to rehire Ken after the race is lost. The two end up fighting physically on Ken's front lawn after he visits Ken's house to apologise and ask him to return.Exhausted, they finally give up, and Mollie gets them a few cold sodas. Ken re-joins the team, who is working round-the-clock to improve the automobile. Lee cautions Carroll that Leo intends to have Ken fired from the team during their upcoming visit because he is adamant about it. Since Carroll is aware of this, when Henry and Leo arrive, he locks Leo in his office and takes Henry for a spin in the race vehicle, giving him a firsthand understanding of how thrilling and dangerous racing is. He starts crying as soon as they stop. Carroll proposes a deal: if they succeed at Daytona, he will compete at Le Mans in France. If they fail, Henry gains complete authority over Carroll's business.They face fierce competition in Daytona from a second Ford team that Ford hired to compete for the title of greatest car engineer. As a result of Ken's victory, their team is guaranteed a berth at Le Mans, and Ken will drive there. Le Mans is coming up in France. Both Henry and Ferrari are present. The opening lap of the race is slowed down for Ken because his door won't shut. The pit crew changes the brakes late in the race because the car they had designed could accelerate to incredibly high speeds but did so at the expense of burning out the brakes.The Italians at Ferrari are incensed and claim that this is against the rules, but Carroll reminds out that the rulebook specifically states that they are permitted to alter parts without specifying which ones. Ferrari eventually loses control of his vehicle and crashes, leaving Ken in the lead. Mollie and Peter can watch on television as Ken completes his coveted "perfect" leg. Leo, who had been attempting to get through Carroll and disrupt their plan, approaches Henry and argues that the best way to represent Ford would be for all three of their vehicles to arrive at the finish line together. Leo offers Carroll the order after he accepts, but Carroll declines.Carroll gives Ken the order but notes that because of their differences in race, he will always support Ken. The other drivers are able to catch up to Ken and cross the finish line together after he initially accelerates to the win. Up until a technicality—he began behind another car—places him in second place, not first, everyone is celebrating Ken's victory. Ken accepts Carroll's criticism, who is incensed, and the two leave together. A few weeks later, Ken is killed in a crash while testing a brand-new car design called the J-Car. Ken was not wearing any safety gear at the time.Carroll meets Peter at his family's residence and offers him the wrench that Ken hurled at him. He gets in his car and drives off into the distance despite his state. The post-script informs us that Ken was posthumously inducted into the racing hall of fame and that Carroll's vehicles won the Le Mans four times.