Manufacturers and Nations cup... how do they work?

I am a little low on sleep from playing last night and not be able to go to bed due to my heart rate :-). So maybe I missed it in the search on this form and Google but I can't find specifics on how these things are working and if the first one that is set for a month now is just a Time trailer qualifying or if we got a couple days beforehand to qualify? Can someone please send me a link or start a discussion hear about what the heck is going on :-)?

By the way, last night I kept on getting put in the same lobby as the guy that has the fastest qualifying times and at least two of the events. I'm pretty sure I'll see him in one of the cups :-) as long as I can get a little more practice in, I'm getting a little older... he's a little over a second faster than me on every lap and uses a controller and I use a decent sim rig.
 
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