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Michael Schumacher announces retirement from F1

Business Materials 11 September 2006 13:32 (UTC +04:00)

(autoinsidernews) - Michael Schumacher has confirmed he will be bringing his racing career to an end and will retire at the end of the 2006 Formula One World Championship, answering months of questions concerning his future, reports Trend.

Announced just after he crossed the line for victory in the Italian Grand Prix, a statement confirmed he will no longer race in Formula One, but the seven-time world champion may continue to be involved with Ferrari.

It has been a really tough decision not to work together at this level but I knew that one day it had to come, Schumacher said at a post-race news conference.

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