The younger Schumacher said no deal had been struck and his manager said he would consider other options if the negotiations failed.
Summary of sports events and persons who made news on Monday
Aluminium has one third the weight of steel and is highly malleable and elastic.
Briton David Coulthard has visited Williams bosses in a bid to convince his former employers to take him back next year.
David Coulthard grabbed second place for McLaren, ahead of Jarno Trulli and Fernando Alonso in the two Renaults.
Ralf Schumacher eclipsed his older brother Michael in Friday's first qualifying at the German Grand Prix.\n\n
Williams's Formula One championship challenge is on after they ousted McLaren as Ferrari's closest rivals.
'You were a good man, a luminous soul. You gave me more than I could ever thank you for.' Rajeev Srinivasan remembers a beloved uncle who passed into the ages recently.
Schumacher crashed on the fastest part of the circuit at Indianapolis, spinning on the banking at turn 13 where speeds reach around 320kph.
The Indian retired in the first race, but managed to finish fourth in the second race in Pattaya in the Formula BMW Asia Series.
It is priced at a whooping 49,999, but to justify that, it has top-notch specs, says Uttaran Das Gupta
Federico Montoya will drive for the Berlin-based Muecke team in the German Formula BMW series next year.
Jyoti Randhawa moved from tied 20th to tied 11th before the final round was delayed due to bad light at the BMW Asian Open.
Jeev Milkha Singh hit a four-under 68 that carried him to a midway total of seven-under 137 after round two of the BMW Asia Open.
Kimi Raikkonen says his McLaren needs to be more powerful as well as more reliable if he is to win the championship this season.
'So what if they are remote-controlled, run on rechargeable batteries, are at least 100 times smaller than the \n\nreal thing and I am on the right side of 30?'
The slick pre-season presentations, with teams taking the wraps off new cars and putting a gloss on their prospects, start in Valencia on Monday.
