Business News Michael Schumacher | Page 13

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engine failure. Alonso won the race, which gave him a ten point championship lead. With only one race left in the season, Schumacher could only win the championship if he won the season finale and Alonso scored no points.

Before the Brazilian Grand Prix, Schumacher conceded the title to Alonso. In pre-race ceremonies, football legend Pelé presented a trophy to Schumacher for his years of dedication to Formula One. During the race's qualifying session, Schumacher had the best time of all drivers through the first two sessions; but a fuel pressure problem prevented him from completing a single lap during the third session, forcing him to start the race in tenth position. Early in the race Schumacher moved up to sixth place. However, in overtaking Alonso's teammate, Giancarlo Fisichella, Schumacher experienced a tyre puncture caused by the front wing of Fisichella's car. Schumacher pitted and consequently fell to 19th place, 70 seconds behind teammate and race leader Felipe Massa. Schumacher recovered and overtook both Fisichella and Räikkönen to secure fourth place. His performance was classified in the press as "heroic", an "utterly breath-taking drive", and a "performance that ... sums up his career".



2007–2009 Retirement

While Schumacher was on the podium after winning the 2006 Italian Grand Prix, Ferrari issued a press release stating that he would retire from racing at the end of the 2006 season. Schumacher confirmed his retirement. The press release stated that Schumacher would

continue working for Ferrari. It was revealed on 29 October 2006 that Ferrari wanted Schumacher to act as assistant to the newly appointed CEO Jean Todt. This would involve selecting the team's future drivers. After Schumacher's announcement, leading Formula One figures such as Niki Lauda and David Coulthard hailed Schumacher as the greatest all-round racing driver in the history of Formula One. The tifosi and the Italian press, who did not always take to Schumacher's relatively cold public persona, displayed an affectionate response after he announced his retirement.

During the 2007 season Schumacher acted as Ferrari's advisor and Jean Todt's 'super assistant'. He attended several Grands Prix during the season. Schumacher drove the Ferrari F2007 for the first time on 24 October at Ferrari's home track in Fiorano, Italy. He ran no