Formula One news

Schumi to discuss Ferrari contract over summer

Michael Schumacher is set to talk with Ferrari regarding his contract this summer, as his position as team advisor is due to expire come the end of the year. The German started the job after retiring as lead driver at the end of the 2006 season.

His current salary is estimated to be in the five million Euro bracket, according to Germany's Bild. "We are in no hurry," manager Willi Weber confirmed. "We'll get something put together during the summer."

Schumacher also grabbed the attention of spectators in Barcelona on Wednesday as the German, following an off from Lewis Hamilton's McLaren, was seen stepping from an Alfa Romeo hire car on the Circuit de Catalunya's internal service road in order to survey the silver arrow as it was lowered onto the recovery vehicle.

more news

• 28 Nov.
  • Lola ready to enter Formula 1
  • Raikkonen close to Citroen WRC deal
  • Tung looking for 'useful' test
• 27 Nov.
  • Montreal seals Formula One contract
  • GPUpdate TV: Domenicali - high hopes for 2010
  • Jerez test: The cast
  • Wurz plays down USF1 link
  • Renault to test Baguette, Tung and Di Grassi
  • Alonso makes second visit to Ferrari
  • Force India confirms Sutil and Liuzzi
  • All new teams now FOTA members
  • Sauber buys team back from BMW
  • De la Rosa pushing for race drive
  • Ecclestone: I won't buy Donington
  • Haug becomes part of F1 in Schools
  • Volkswagen to provide F1 engines?
• 26 Nov.
  • Alguersuari: 2010 contract is signed
  • Conway and Ericsson to test for Mercedes
  • 4 driver options left for Lotus
  • 'F1 in need of Schumacher return' - Verstappen
• 25 Nov.
  • 'Fantastic opportunity' - Di Resta on Force India test
  • Recap: N.Technology court bid fails
  • BMW testers excited about Jerez
  • Brawn disappointed with Button drives, ponders Lauda
  • Piquet to drive in Massa kart race
  • Brawn aero chief wins award
  • Gillett disappointed with government position
  • Mercedes hopes to confirm line-up by Christmas
• 24 Nov.
  • Briatore verdict expected in January
  • Donington still hopeful over F1 race
  • Montreal race confirmation imminent
  • Massa names drivers for karting event
  • Campos car passes FIA safety tests
  • Strong test could seal drive, says Mallya
  • Force India to test di Resta and Hildebrand
  • Courts to hear Briatore case
  • Silverstone GP deal forthcoming
• 23 Nov.
  • GPUpdate TV: Sam Michael - building on 2009
  • Theissen waiting on entry decision
  • Mercedes delighted with Rosberg confirmation

Homepage