Michael Schumacher will announce his retirement from Formula 1 at the end of the 2012 season. The 47-year-old German driver announced his retirement for the second time from the most prestigious automobile race in Suzuka, Japan.

After last week announced that the seven-time world champion position at the Mercedes will be replaced by Lewis Hamilton, Schumacher immediately held a press conference with the team in Japan to announce the end of his career in F1.

"It's probably not really a surprise to explain a bit what I think. Basically I have decided to retire at the end of this year," said Schumacher as reported by Auto Sport.

"While I was still able to compete with the best drivers available, at this point is a good time to say goodbye, and that's what I did this season. This time for good," said the German driver.

This is the second retirement decisions made by Schumacher in F1 event. Previously, Schumacher say retired in 2006 season, when he was with the Ferrari team. But in 2012 he decided to comeback to strengthen the Mercedes team.

However, Schumacher could be difficult to repeat his achievements that have been done time with the Prancing Horse team. His best achivement as Mercedes driver was on the podium when while performing at the 2012 European Grand Prix last year.

"Without a doubt that we did not achieve our goal of developing a car to compete at the world championships. Yet it is clear that I am still very happy with all the overall performance of my career," he said.

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