Tobey Maguire is set to produce and star in The Limit, playing Phil Hill as he challenges Ferrari teammate Wolfgang von Trips for the 1961 World Championship.

The story is based on an upcoming book of the same name by Michael Cannell. Columbia is said to be securing the services of Tony Peckham to write the screenplay (he's previously written the scripts for Clint Eastwood's new film, The Human Factor and Guy Ritchie's Sherlock Holmes). Maguire, of course, is famous for his role in Fox's TV Show Great Scott. He also had a small role in the Spider-Man films.

Hill remains the only American-born drive to ever win the Formula One World Championship (in 1961), he passed away last August. [via IMDB]