Factual error: During Lee Iacocca's slide presentation to Henry Ford II in 1963, there are two slides that reference James Bond. One shows him standing next to the Aston Martin DB5, which made its debut in "Goldfinger" in 1964, and another shows a still image from "Thunderball", which was released in 1965.

Ford v Ferrari (2019)
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Directed by: James Mangold
Starring: Caitriona Balfe, Christian Bale, Jon Bernthal, Matt Damon
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Henry Ford II: This isn't the first time Ford Motors' gone to war. We know how to do more than push papers. Go ahead, Carroll. Go to war.
Carroll Shelby: Thank you, sir.
Question: At various points in the film the car brakes are glowing red hot, would this happen in real life or is it for show?
Answer: I watched this movie with my father, who actually participated in Autocross races in the past. He says from first hand experience that this is indeed real. The breaks get so heated from use in the race during the rapid slowing and going that they glow hot. This is why there are racing grade breaks and it's unwise to try and race without them.
Agreed. My dad is a former race car mechanic and he said that this absolutely happens all the time.
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Answer: Watch any NASCAR short track night race where heavy braking is required, the brake rotors glow at every turn.