Michael Schumacher is a professional racer.
Formula One ( also Formula 1 or F1 and officially the FIA Formula One World Championship ) is the highest class of single-seat auto racing that is sanctioned by the Fédération Internationale de l'Automobile ( FIA ) . The FIA Formula One World Championship has been the premier form of racing since the inaugural season in 1950 , although other Formula One races were regularly held until 1983 . Formula One cars are the fastest road course racing cars in the world , owing to very high cornering speeds achieved through the generation of large amounts of aerodynamic downforce . Formula Three , also called Formula 3 or F3 , is a class of open-wheel formula racing . Michael Schumacher . Schumacher retired from Formula One driving in 2006 staying with Ferrari as an advisor .