By Michele Lostia and Pablo Elizalde Monday, February 4th 2008, 16:18 GMT
Seven-time world champion Michael Schumacher has become a team owner, after setting up a karting team that will compete in the German championship.
The team will be known as KSM Motosport, and will be run by Schumacher as well as co-owners and friends Peter Kaiser and Thomas Muchov.
"I still drive karts with a passion, I grew up with them," Schumacher was quoted as saying by Gazzetta dello Sport. "I owe everything to karting and I never gave it up.
"Even when I was still a boy, and F1 was still very far away, I thought that one day I would have worked in karting. A team together with my friends, that's exactly what I had imagined."
One of the team's drivers will be Carlos Sainz Jr., the son of two-time world rally champion Carlos Sainz.
