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The Race of Champions is scheduled to return to its new home at London’s Wembley Stadium on December 14th. For those unfamiliar, the annual event pits a host of the best racing drivers in the world against each other on carefully-calibrated equal terms. The event is split between the solo competition and the nations’ cup, the latter in which countries send their two best drivers to claim the honors for their homeland.

Last year’s event saw DTM champion Mattias Ekstrom defeat Schumacher in the final rounds, after the two (pictured at right) made minced meat out of the rest of the field in a variety of vehicles including the Aston Martin V8 Vantage N24, Ford Focus RS WRC, Fiat Grande Punto S2000 Abarth, an Opel/Vauxhall-based Solution F touring car and a purpose-built sprint car. This year retired seven-time F1 champion Michael Schumacher is set to return, teaming up with rookie driver Sebastian Vettel again for Team Germany. So far only Schumacher and Vettel have confirmed their participation for 2008 – last year Travis Pastrana valiantly held down the fort for Team USA on his own – but more are sure to join as the date approaches. Stay tuned.

The dream may be over for those fans who thought Michael Schumacher could make a good showing in the world of MotoGP, unless of course they open up a scooter class.

Schumi casually dismissed the rumors that have been flying lately, somewhat egged on by his long-time manager Willi Weber, that he was attempting to make a comeback to the racing world by entering the MotoGP round at Mugello as a wild-card. Turns out it was the rumor that was the wild-card, as Schumacher took time during his Monday run of Ferrari testing in Barcelona, to call the story, “an absolute lie.” Despite that cut and dry statement of fact, it didn’t seem like the driver held any ill-will because of the false reports, as he went on to say, “At the most, I can race on a scooter.” Now there’s something that we would pay to see.

Ferrari have made clear progress since last year and are ready to fight for victories in 2008, Michael Schumacher said after testing the Italian team’s new car at Barcelona.

The 39-year-old German had not driven the F2008 before, but got back to action yesterday for the first of two days of testing at the Spanish circuit.

Ferrari are using Schumacher’s expertise because of the introduction of a ban on electronic driver aids for 2008.

The seven-time champion says the new car is a real step forward compared to last year’s.

“The progress is very clear,” Schumacher told reporters at the end of testing. “In all areas, it never changes, so why it should change now. It is not one thing you have to improve to go quicker, it is just everywhere.

“I feel we are ready and prepared to fight for victory.”

Schumacher predicts an exciting season, and he reckons Ferrari and McLaren will again be the main contenders.

“It will be very interesting. You have two contenders as last year, you have some questions marks about what they can or they cannot do, so it should be very exciting.”

The German said the lack of traction control and engine braking is making the driving quite a bit trickier.

“You would be surprised how much when you have to work without all the systems,” he added.

“It is just that you have to be careful, especially in the morning when it is very slippery, you have to use your brain.”

Michael Schumacher will make his debut at the wheel of Ferrari’s 2008 contender at the final group test of the pre-season in Spain next week. We have learned that the 39-year-old German, who retired from competition at the end of 2006, is scheduled to run in the F2008 on Monday, as reigning world champion Kimi Raikkonen circulates in another of the Maranello based team’s Melbourne-spec single seaters at Barcelona.

It will be the first time that the two famous drivers have gone head-to-head in the same car at the same circuit, and the occasion is therefore certain to draw much attention in the racing world.

Schumacher, 39, is scheduled to hand over the F2008 to Raikkonen’s current teammate Felipe Massa for the other two days of the test at Montmelo, a municipality north of Barcelona in Catalonia, Spain.

In recent months, the German has previously tested for Ferrari at Barcelona and Jerez.

Meanwhile, at the Circuit de Catalunya on Friday (today), Ferrari is exclusively conducting a full race simulation, with Massa and official test driver Luca Badoer in command of the cars.

Just weeks before the launch of the 2008 Formula One season in Australia, a wild hare of a rumor has started making the rounds that seven-time F1 world champion Michael Schumacher is hankering to make a return to racing, though this time in the saddle of a MotoGP sport bike.

French newspaper L’Equipe published an article, which speculated on a possible Schumacher wild-card entry for the MotoGP race at Mugello this year. It’s known that Schumi has twice shown excellent pace (shocking, we know) testing for Ducati, but new reports say that the F1 hero may have recently taken the saddle again at the Circuit de Bresse in France.

The French report goes on to say that an affiliate of Schumacher paid a visit to the MotoGP HQ in order to secure permission to enter the Mugello race.

So far the MotoGP brass are roundly denying the story to anyone who’ll listen, but consider our interest piqued. How do you think the former champion would fare on the back of a Ducati?