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Schumacher to stay with Ferrari as assistant to Todt

Updated: October 29, 2006, 11:51 AM ET
ESPN.com news services

MONZA, Italy -- Seven-time Formula One champion Michael Schumacher, who retired from racing last week, will stay on at Ferrari as an assistant to new chief executive Jean Todt.

"The basis of my future will be that of a super assistant to Jean," Schumacher said Sunday at the Ferrari World Finals, the racing team's traditional season-closer.

He did not elaborate on his new role, saying he needed to reflect on what he might be able to offer Ferrari.

"At the moment, ...

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