Schumacher extends Ferrari contract


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Michael Schumacher has revealed he has agreed to extend his contract as a consultant with Ferrari for a further three years. After retiring from Formula One racing in 2006, Schumacher has undertaken the advisory role at the Italian team, with whom he won five of his seven drivers' titles. ?Yesterday in Maranello, Chairman Montezemolo and I agreed on extending our collaboration for another three years,? explained the German on his official website. ?I'm very happy about it, because I always loved being part of the family Ferrari, a name that stands for passion, high quality and top-level sportiness.