Although Schumacher won Sunday's Austrian GP for his third win in a row this season, McLaren's Raikkonen is still two points ahead of the Fereari ace.
Germany's Sebastian Vettel won an emotional Hungarian Grand Prix for Ferrari and the late Jules Bianchi on Sunday after a crazy race that turned into a rare nightmare for champions Mercedes despite Lewis Hamilton increasing his overall lead.
Sebastian Vettel trimmed Lewis Hamilton's Formula One lead to 17 points with eight races remaining.
Ferrari will present their new Formula One car online on January 30, a day after McLaren take the wraps off their Honda-powered challenger.
Fernando Alonso seized a longed-for victory in his first Italian Grand Prix for Ferrari on Sunday while Lewis Hamilton lasted less than a lap and handed the championship lead back to Australian Mark Webber.
Ferrari's Fernando Alonso scored a dramatic victory in the Malaysian Grand Prix on Sunday when the Spaniard denied Sauber's Sergio Perez a first Formula One victory in a race turned on its head by the weather.
Can Mercedes' seven-time world champion Lewis Hamilton add to his record tally of 103 victories?
Lewis Hamilton joined Massa on the front row, with Ferrari's Kimi Raikkonen lining up third.
Finnish team mate Kimi Raikkonen, who started on pole for the first time in nine years but lost the lead in the pitstops, made sure of a Ferrari one-two with Hamilton finishing seventh for Mercedes after starting 13th.
A puncture slashed Lewis Hamilton's championship lead over McLaren team mate Fernando Alonso to five points.
Sebastian Vettel led a Ferrari one-two at the top of the timesheets in final practice for the Bahrain Grand Prix on Saturday, ending the stranglehold of previously dominant champions Mercedes. Vettel lapped the Sakhir Circuit in a best time of one minute 31.683 seconds, 0.040 faster than team mate Kimi Raikkonen on the supersoft tyres. It was the first time this season that any driver from outside the Mercedes pairing of Nico Rosberg and triple world champion Lewis Hamilton had ended practice on top. Hamilton was quickest in all three sessions in Australia two weeks ago while championship frontrunner Rosberg led his team mate in Bahrain practices one and two on Friday. Rosberg was third fastest in practice three, his time of 1:32.104 slower than Friday when he did 1:31.001, with Hamilton fourth.
It's a sweet film with its heart in the right place.
Ferrari will quit Formula One at the end of this season if plans for a budget cap for 2010 are not abandoned, the champions said on Tuesday.
The Finn made a triumphant start to his Ferrari career with a pole-to-flag victory in the season-opening Formula One race.
Formula One's governing body put Ferrari, the sport's most successful team, in the spotlight along with Mercedes on Friday in an investigation into alleged breaches of the testing regulations.
The Finn drove Ferrari's 2007 car for the first time in Valencia on Tuesday.
Formula One champions Mercedes expect to be beaten by Ferrari this season and also see McLaren catching up fast after a dismal 2015 for the Honda-powered team, engine head Andy Cowell said.
Lewis Hamilton has recognized that he is about as likely to drive for Ferrari in the next five years as he is to have the Spanish Grand Prix crowd cheering him on against Fernando Alonso.
Formula One motor racing: Team prospects for 2018
The Italian, driving an old F2004 with a rev-limited V10 engine, completed 53 laps at the Valencia circuit and was ninth fastest of the 15 drivers.
And have also offered him an immediate opt-out clause if he wins another Formula One title.
Spain's Fernando Alonso won the British Grand Prix on Sunday for Ferrari's first victory of the season on the 60th anniversary of their first success in Formula One.
The seven times Formula One champion says Ferrari cannot afford to fire any more blanks.
Rohin Nagrani drives the most powerful road-going Ferrari ever.
Ferrari made a strong start to the first day of Formula One testing, on Monday, with four-times world champion Sebastian Vettel top of the timesheets at lunchtime with 72 laps completed.
Max Verstappen led a soggy Monaco Grand Prix from start to finish on Sunday
McLaren accepted an unprecedented $100 million fine and loss of all their 2007 constructors' points.
Kimi Raikkonen took pole position on an all-Ferrari front row for the Belgian Grand Prix.
Four times Formula One world champion Sebastian Vettel hopes Ferrari can become the strongest challengers to Mercedes this season after failing to win a race last year.
Ford Motor Co sued luxury automaker Ferrari on Wednesday for trademark infringement after Ferrari named its 2011 Formula 1 racing car the "F150."
Ferrari's Fernando Alonso roared to victory in the Chinese Formula One Grand Prix on Sunday, making amends for crashing out of the previous race in Malaysia.
His Brazilian team mate Felipe Massa joins him on the front row while Briton Jenson Button, in a Honda, and Renault's world champion Fernando Alonso line up together on the second row.
Seven-times world champion Michael Schumacher could come out of retirement to drive for Ferrari next year if the FIA (International Automobile Federation) governing body allows the team to run a third car. The 40-year-old Schumacher, who retired in 2006, cancelled plans for a temporary return to the sport earlier this month because of fitness concerns.
McLaren expect Fernando Alonso to switch from Renault to Ferrari next season and trigger a series of driver moves, team boss Martin Whitmarsh said on Friday.
Max Verstappen won the Miami Grand Prix from ninth on the starting grid with a masterful display of tyre management on Sunday.
Ferrari removed a controversial bar code livery from their Formula One cars on Thursday after suggestions that it represented subliminal advertising for cigarette sponsor Marlboro.
Sergio Perez beat teammate and championship leader Max Verstappen to win the Azerbaijan Grand Prix on Sunday and continue Red Bull's Formula One domination with a double success in Baku.
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