( CNN ) -- Seven-times world champion Michael Schumacher has laughed off rumors that he is planning to quit Formula One at the end of the season , confirming he is still totally committed to driving for Mercedes GP . The 42-year-old German 's future has come under scrutiny in recent weeks after a series of disappointing drives , with reports that Mercedes are planning to replace him for the 2012 campaign . In 2010 , Schumacher was overshadowed by younger team-mate Nico Rosberg , and although he has closed the gap this season , Rosberg continues to out-score his more illustrious team-mate . Latest F1 standings after Hungarian GP . However , in an interview with the official Mercedes website , Schumacher said : `` Despite some funny rumours and stupid untruthful stories , I keep repeating myself that you will see me in 2012 , whether you like it or do n't like it . '' Schumacher added : `` The good thing is that I have a lot of support from all around me . `` I have support from the company and the team -- they all want me to be here and I want to be here , so I am looking forward to next season . '' Schumacher 's Mercedes car has struggled to keep pace with the Red Bull , McLaren and Ferrari cars this season . His best result came in June 's Canadian Grand Prix , when he turned back the clock to finish in an impressive fourth place .
Michael Schumacher denies that he is going to retire from Formula One . The seven - time world champion has struggled in his new car this year . But the year - old has confirmed he will be driving for the German team in 2012 .