In recognition of his contribution to Formula One racing the Nürburgring has renamed turns 8 and 9 (the Audi and Shell curves) as the Schumacher S. In a similar act of honoring Schumacher, he was awarded an FIA Gold Medal for Motor Sport in 2006.

The following year the Swiss Football Association appointed Schumacher as the Swiss ambassador for the 2008 European football championship. A month later he presented A1 Team Germany with the World Cup trophy at the A1GP World Cup of Motorsport 2007 awards ceremony. He received a standing ovation from the gathered crowd when he was announced on stage.

Schumacher has been honored during his career. He has won the Laureus World Sportsman of the Year award twice, in 2002 and 2004 for his performances in the 2001 and 2003 seasons respectively. He has received nominations for the 2001, 2003, 2005 and 2007 awards. No-one has been nominated more times than Schumacher in the award's 7-year history.

In 2005 Schumacher's sole win came at the United States Grand Prix. Prior to that race, the Michelin tyres, used by most teams, were found to have significant safety issues. When no compromise between the teams and the FIA could be reached, all but the six drivers using Bridgestone tyres dropped out of the race after the formation lap. However, rule changes for the 2005 and 2006 seasons required tyres to last an entire race, tipping the overall advantage to teams using Michelins over teams such as Ferrari that relied on Bridgestone tyres. The rule changes were partly in an effort to dent Ferrari's dominance and make the series more interesting. Less than half-way through the season, Schumacher said "I don't think I can count myself in this battle any more. It was like trying to fight with a blunted weapon.... If your weapons are weak you don't have a chance." The most notable moment of the season for Schumacher was his battle with Fernando Alonso in San Marino, where he started 13th and finished only 0.2 seconds behind the Spanish driver. Schumacher retired in six of the 19 races. He finished the season in third with 62 points, less than half the points of world champion Alonso.

2006 became the last season of Schumacher's racing career. After three races, Schumacher had 11 points and was already 17 points behind Alonso. He won the following two races, his first wins in 18 months, not including the boycotted 2005 United States Grand Prix. Schumacher was stripped of pole position at the Monaco Grand Prix and started the race at the back of the grid. This was due to him stopping his car and blocking part of the circuit while Alonso was on his qualifying lap; he still managed to work his way up to 5th place on the notoriously cramped Monaco circuit. By the Canadian Grand Prix, the ninth race of the season, he was 25 points behind Alonso, and the three wins that followed helped him reduce his disadvantage to 11. After his victories in Italy (in which Alonso had an engine failure) and China, in which Alonso had tyre problems, Schumacher led in the championship standings for the first time during the season. Although he and Alonso had the same point total, Schumacher was in front because he had won more races.

The Japanese Grand Prix was led by Schumacher with only 16 laps to go, when, for the first time since the 2000 French Grand Prix, Schumacher's car suffered engine failure. Alonso won the race, which gave him a 10 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, the last race of his career, 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".

Schumacher returned to an F1 cockpit for the first time since retirement on 13th and 14th of November 2007, in Barcelona. The reason for this test was to help Ferrari prepare for 2008 season, the first without Traction Control and using Standard ECU (Electronic Control Unit). Upon return, Schumacher contributed fastest lap times, and it is confirmed that he will continue to test for Ferrari in Jerez. Testing is scheduled to begin on December 4th, marked with the return of slick tyres for the first time since the ban in 1998.

Schumacher won his third World Championship in 2000 after a year-long battle with Häkkinen. Schumacher won the first three races of the season and five of the first eight. Mid-way through the year, Schumacher's chances suffered with three consecutive non-finishes, allowing Häkkinen to close the gap in the standings. Häkkinen then took another two victories, before Schumacher won at the Italian Grand Prix. At the post race press conference, after equaling the number of wins (41) won by his idol, Ayrton Senna, Schumacher broke into tears. The championship fight would come down to the penultimate race of the season, the Japanese Grand Prix. Starting from pole position, Schumacher had the early lead, but soon lost it to Häkkinen. After his second pit-stop, however, Schumacher came out ahead of Häkkinen and went on to win the race and the championship.

In 2001, Schumacher took his fourth drivers' title. Four other drivers won races, but none sustained a season-long challenge for the championship. Schumacher scored a record-tying nine wins and clinched the world championship with four races yet to run. He finished the championship with 123 points, 58 ahead of runner-up Coulthard. Season highlights included the Canadian Grand Prix, where Schumacher finished 2nd to his brother Ralf, thus scoring the first ever 1–2 finish by brothers in Formula One; and the Belgian Grand Prix in which Schumacher scored his 52nd career win, breaking Alain Prost's record for most career wins.

In 2002, Schumacher used the Ferrari F2002, widely considered to be one of the most dominant racing cars in Formula One, to retain his Drivers' Championship. At the Austrian Grand Prix his teammate, Rubens Barrichello was leading but in the final meters of the race, under orders, slowed to allow Schumacher to win the race. In winning the Drivers' Championship he equaled the record set by Juan Manuel Fangio of five world championships. Ferrari won 15 out of 17 races, and Schumacher won the title with six races remaining in the season. Schumacher broke his own record, shared with Nigel Mansell, of nine race wins in a season, by winning eleven times and finishing every race on the podium. He finished with 144 points, a record-breaking 67 points ahead of the runner-up, his teammate Rubens Barrichello. This pair finished 9 of the 17 races in the first two places.

Schumacher broke Juan Manuel Fangio's record of five World Drivers' Championships by winning the drivers' title for the sixth time in 2003, a closely contested season. The biggest competition came once again from the McLaren Mercedes and Williams BMW teams. In the first race, Schumacher ran off track, and in the following two, was involved in collisions. He fell 16 points behind Kimi Räikkönen. Schumacher won the San Marino Grand Prix and the next two races, and closed within two points of Räikkönen. Aside from Schumacher's victory in Canada, and Barrichello's victory in Britain, the mid-season was dominated by Williams’s drivers Ralf Schumacher and Juan Pablo Montoya, who each claimed two victories. After the Hungarian Grand Prix, Michael Schumacher led Juan Pablo Montoya and Kimi Räikkönen by only one and two points, respectively. Ahead of the next race, the FIA announced changes to the way tyre widths were to be measured: this forced Michelin, supplier to Williams and McLaren among others, to rapidly redesign their tyres before the Italian Grand Prix. Schumacher, running on Bridgestone tyres, won the next two races. After Montoya was penalised in the United States Grand Prix, only Schumacher and Räikkönen remained in contention for the title. At the final round, the Japanese Grand Prix, Schumacher needed only one point whilst Räikkönen needed to win. By finishing the race in eighth place, Schumacher took one point and assured his sixth World Drivers' title, ending the season two points ahead of Räikkönen.

In 2004, Schumacher won a record twelve of the first thirteen races of the season, only failing to finish in Monaco after an accident with Juan Pablo Montoya during a safety car period when he briefly locked his car's brakes. He clinched a record seventh drivers' title at the Belgian Grand Prix. He finished that season with a record 148 points, 34 points ahead of the runner-up, teammate Rubens Barrichello, and set a new record of 13 race wins out of a possible 18, surpassing his previous best of 11 wins from the 2002 season.

In 1996, Schumacher finished third in the Drivers' Championship, as well as helping Ferrari edge out his old team Benetton for second in the constructors' race. He won three races, more than the team's total tally for the period from 1991 to 1995. During the initial part of the 1996 season, the car had had reliability trouble and Schumacher did not finish 6 of the 16 races. He took his first win for Ferrari at the Spanish Grand Prix, where he lapped the entire field up to third place in the wet, using an uncharacteristically flamboyant oversteering style. In the French Grand Prix Schumacher qualified in pole position, but suffered engine failure on the race's formation lap. However at Spa-Francorchamps, Schumacher used well-timed pit-stops to fend off the Williams' Jacques Villeneuve. Following that, at Monza, Schumacher scored a momentous win in front of the tifosi. Schumacher's ability, combined with the improving reliability of Ferrari, enabled him to end the season, putting up a challenge to eventual race and championship winner Damon Hill at Suzuka.

Michael Schumacher and Jacques Villeneuve vied for the title in 1997. Villeneuve, driving the superior Williams FW19, led the championship in the early part of the season. However, by mid-season, Schumacher had taken the Championship lead, winning five races, and entered the season's final Grand Prix with a one-point advantage. During the race, held at Jerez, Schumacher and Villeneuve collided as Villeneuve passed his rival. Schumacher retired from the race and Villeneuve scored four points to take the championship. Schumacher was held to be at fault for the collision and was disqualified from the Drivers' Championship.

In 1998, Finnish driver Mika Häkkinen became Schumacher's main title competition. Häkkinen won the first two races of the season, gaining a 16 point advantage over Schumacher. With the Ferrari improving significantly and being faster in the second half of the season, Schumacher won six races and had five other podium finishes. Ferrari took a 1-2 finish at the Italian Grand Prix, which tied Schumacher with Häkkinen for the lead of the Drivers' Championship with 80 points, but Häkkinen won the Championship by winning the final two races. There were two controversies; at the British Grand Prix Schumacher was leading on the last lap when he turned into the pit lane, crossed the start finish line and stopped for a ten second stop go penalty. There was some doubt on if this counted as serving the penalty, but the win stood. At Spa, Schumacher was leading the race by 40 seconds in heavy spray, but collided with David Coulthard's McLaren when the Scot, a lap down, slowed in very poor visibility to let Schumacher past. After both cars returned to the pits, Schumacher rushed to McLaren's garage and accused Coulthard of trying to kill him.Schumacher's efforts helped Ferrari win the Constructors title in 1999. He lost his chance to win the Drivers' Championship at the British Grand Prix: At the high-speed Stowe Corner, his car's rear brake failed, sending him off the track and resulting in a broken leg. During his long absence, he was replaced by Finnish driver Mika Salo. After missing six races, he made his return at the inaugural Malaysian Grand Prix, qualifying in the pole position by almost a second. He then assumed the role of second driver, assisting team mate Eddie Irvine's bid to win the Drivers' Championship for Ferrari. In the last race of the season, the Japanese Grand Prix, Häkkinen won his second consecutive title. Schumacher would later say that Häkkinen was the opponent he respected the most.

For 1996, Schumacher joined Ferrari, a team which had last won the Drivers' Championship with Jody Scheckter in 1979. He left Benetton a year before his contract with them expired; he later cited the team's damaging actions in 1994 as his reason for opting out of his deal. A year later, technical director Ross Brawn and designer Rory Byrne also departed Benetton to join Schumacher at Ferrari.

Ferrari had previously come close to the championship in 1982 and 1990. The team had suffered a disastrous downturn in the early 1990’s, partially as their famous V12 engine was no longer competitive against the smaller, lighter and more fuel efficient V10s of their competitors. Various drivers, notably Alain Prost, had given the vehicles labels such as "truck", "pig", and "accident waiting to happen". The poor performance of the Ferrari pit crews was considered a running joke. At the end of 1995, though the team had improved into a solid competitor, it was still considered inferior to front-running teams such as Benetton and Williams. Schumacher declared the Ferrari 412T good enough to win the championship.

Schumacher, Ross Brawn, Rory Byrne, and Jean Todt (hired in 1993), have been credited as turning this once struggling team into the most successful team in Formula One history. Three-time World Champion Jackie Stewart believes the transformation of the Ferrari team was Schumacher's greatest feat. Eddie Irvine also joined the team, moving from Jordan.

In 1994, Schumacher won his first Drivers' Championship. The season, however, was marred by the deaths of Ayrton Senna and Roland Ratzenberger during the third race of the year, the San Marino Grand Prix at Imola and by allegations of cheating.

Schumacher won six of the first seven races. He had been leading the Spanish Grand Prix till the fifth lap before a gearbox failure left him stuck in fifth gear for 42 laps. Schumacher finished the race in second place, behind Hill. Following the San Marino Grand Prix, the Benetton, Ferrari and McLaren teams were investigated on suspicion of breaking the FIA-imposed ban on electronic aids. Publish PostBenetton and McLaren initially refused to hand over their source code for investigation. When they did so, the FIA discovered hidden functionality in both teams' software, but no evidence that it had been used in a race. Both teams were fined $100,000 for their initial refusal to cooperate. At the British Grand Prix, Schumacher was penalized for overtaking on the formation lap. He then ignored the penalty and the subsequent black flag, which indicates that the driver must immediately return to the pits, for which he was disqualified and later given a two-race ban. Benetton blamed the fiasco on a communication error between the stewards and the team. Schumacher was also disqualified after winning the Belgian Grand Prix after his car was found to have illegal wear on its skidblock, a measure used after the accidents at Imola to limit downforce and hence cornering speed. Benetton protested that the skidblock had been damaged when Schumacher spun over a kerb, but the FIA rejected their appeal. These incidents helped Damon Hill close the points gap. With Schumacher leading by a single point going into the final race in Australia, Schumacher made a mistake and left the track. After rejoining, he collided with Hill and crashed out of the race. Furthermore, the damage to Hill's car from the collision forced him to retire. Thus, he became the first German to win the Formula One World Championship.

In 1995 Schumacher successfully defended his title with Benetton. He now had the same Renault engine as Williams. He accumulated 33 more points than second-placed Damon Hill. With teammate Johnny Herbert, he took Benetton to its first Constructors' Championship and became the youngest two-time world champion in Formula One history.

The season was marred by several collisions with Hill, in particular an overtaking maneuver by Hill took them both out of the British Grand Prix near the start of the race. Schumacher won nine of the 17 races, and finished on the podium 11 times. Only once did he qualify worse than fourth; at the 1995 Belgian Grand Prix, he qualified 16th, but went on to win the race. After Schumacher left Benetton, the team would win only one more race before being bought by Renault in 2000.

The Legend lives on........... this is very true. Long after the Emperor's retirement he is still remembered and ll still be remembered as one of best formula 1 drivers.

He is a person who created a revolution in the world of Sports and especially in the world of Formula 1.

Micheal's last race was at Sao Polo in Brazil in the year 2006. I would surely rate his last race as one of his best. Even though it was just another day at the office for him, he was at his peak on that particular day. Let me take u through the proceedings of Schumacher's final race day.

Schumacher needs ten full points to get the championship and thats not it, his rival Alonso must not get a point in the race. It certainly was a tough ask. Filipe Massa had clinched the pole position and he had a huge task of helping his team mate on his last race. Alonso just needed 1 point to ensure that he retained championship. Micheal was starting from 10th position in his last race due to a fuel pump failure. Micheal has started 3 times form 10th position in his career. But his best finish from 10th is just a 5th place. One good news is that he has won the race once after starting at 16th in the grid, and in Schumacher's case predictions are of no use cause we should always expect the unexpected from the MASTER.

Race starts its a total of 71 laps and a boom!!!! there is crash in the first lap both the Williams hit each other and the safety car is out. race starts after 3 laps Micheal jumps top 6 th place while Massa sticks to his first position. 61 laps more Micheal over takes Giancarlo Fisichella and there first disaster strikes. As soon as Micheal over takes his left rear tyre gets punctured. Micheal takes a pit stop changes all his tyres, rejoins the race at 20th position.The race continued with no big changes for the next few laps. 47 laps more Massa takes his first pit stop and rejoins the race in 3rd position and Micheal is far behind at 17th place. Alonso is the new race leader followed by Button. All drivers start going to the pit, Micheal climbs to the 13th spot. Massa has a good stop and now he is back in front of the race. Button makes a good pass to overtake Raikkonen, tat was a very close pass.

Half way down the race Micheal Schumacher is at 11 th place an Massa at 1st. Micheal starts accelerating more and he reaches 8th place in no time. Micheal over takes Kubica to get to 7th place by a sweet pass on the inside. Micheal is having a very tough day at office , with his car giving him loads of problems. 29 laps more for the race to end. Micheal comes for his second pit stop when there is just 24 laps remaining and rejoins at 8th spot, Barrichello is in front of him.

Battle between two old team mates Barrichello receives a message from his team " Micheal behind u and ur racing him". but Micheal is speeding away. This one of the one of the best team message i ve ever heard. Micheal overtakes barrichello in th straight section of the 20th lap and waves at him as he passes,wow tat was a wonderful sight. All the drivers start taking their second pit stop.19 more laps to go and Micheal is at number 6. Massa takes his final stop he rejoins at 1st, Alonso is back on 2nd place button is at a close 3rd. Can Ferrari claim the constructors?. 14 laps more Micheal still in 6th can the master pull out something miraculous. Just 8 laps to go Micheal over takes Fisichella to move to 5th place. Now the battle is between Micheal and Kimi. Kimi is going to replace Micheal in Ferrari next year lets see if Micheal can prove his dominance over Kimi in his last race.

6 laps to go there is a crash and the safety car is out, Nick Heifield has crashed due to a suspension failure. Micheal is loosing precious time. Race resumes 5 laps to go Micheal is right behind Kimi ans Massa is enjoying outstanding lead right at the first position.2 laps more, and we see a fantastic move by Micheal. He pulls of a mind blowing pass right on the inside at the straight section to move ahead of Kimi. Both the cars had just a few gap between them they were going wheel to wheel and eventually Kimi gave way for Micheal cause that was the only thing he could do!!

The crowd roars seeing this sight, the Ferrari team mechanics are ecstatic what more can u ask from a person on his last race?? but Micheal is not finished yet. Alonso gets a radio message "I ve got good news and bad news for you, good news is there is only two laps to go and the bad news is Micheal is coming".Micheal goes on to make the fastest lap in his final lap but that was not enough for him to move up in the rankings. Micheal finishes fourth Massa takes his second career victory, Alonso finishes second and comfortably claims the championship for the second consecutive year. Alonso is really happy but sad tat he is leaving his team Renault with he he has won his two titles. Alonso is joining Mclaren Mercedes next year.

This is the final top 5

1 Fileppe Massa
2 Fernando Alonso
3 Jenson Button
4 Micheal Schumacher
5 Kimi Raikkonen

I surely feel Micheal was a very satisfied man at the end of the day and this was arguably the best race of his formula 1 career. He had driven his car in the best possible way he can and with a few mechanical problems he surely did commendable job to finish fourth. I am sure tat his fans ll keep on loving him forever no matter if he is in the sport or not, his 16 year long career ll always be remembered by all.. I salute the master for being such an entertainer and wish him good luck for his future endeavors.