Yes, "Ford v Ferrari" is based on a true story. The film depicts the intense rivalry between Ford Motor Company and Ferrari during the 1960s, specifically focusing on the development of the Ford GT40 race car. It centers on the efforts of automotive designer Carroll Shelby and driver Ken Miles as they strive to win the 24 Hours of Le Mans in 1966. The movie highlights the challenges they faced and the determination to overcome obstacles, showcasing a significant moment in automotive and racing history.

In "Ford v Ferrari," $200 a day refers to the budget allocated for the racing team's expenses, particularly for driver Ken Miles. In the context of the 1960s, this amount was considered a reasonable salary for a skilled race car driver, reflecting the financial constraints and competitive nature of motorsports at the time. Adjusted for inflation, $200 in the 1960s would be equivalent to about $1,600 to $2,000 today, highlighting the significant investment and commitment required to compete at the highest levels of racing.

In "Ford v Ferrari," Ken Miles crashes during the 1966 24 Hours of Le Mans race due to a combination of factors. The crash is primarily caused by a sudden loss of power from his Ford GT40, which results in a miscommunication with the pit crew. As he attempts to regain speed and control, he is forced to maneuver the car while navigating a challenging track. The incident highlights the risks and unpredictability of racing, as well as the intense pressure to perform under competitive conditions.

In "Ford v Ferrari," the central competition is the 1966 24 Hours of Le Mans race, where Ford aims to defeat Ferrari. In reality, Ford won the race, with driver Bruce McLaren and co-driver Chris Amon finishing first in the Ford GT40. They led a historic 1-2-3 finish for Ford, marking a significant victory over Ferrari, who had dominated the event in previous years. The film highlights the intense rivalry and the efforts of engineers and drivers, particularly Carroll Shelby and Ken Miles, in making Ford's victory possible.