Michael Schumacher health condition latest news update: Racing legend 'walking report' leads to lawsuit; Private F1 collection to go on display

Michael Schumacher's family recently filed a lawsuit against German magazine Bunte for a false report saying that the racing icon can walk again.

According to reports, Schumacher's family is suing Bunte after it quoted a friend of the F1 racing champion who said he was able to walk  "a couple of steps" after his skiing injury. Schumacher's lawyer Felix Damm told a court in Germany that "he cannot walk" and was unable to stand even with the help of his therapists.

Mercedes Formula One driver Michael Schumacher of Germany smiles at the back of the pits ahead of this weekend's Australian Grand Prix in Melbourne March 24, 2011. | Reuters/Scott Wensley

Sabine Kehm, Schumacher's manager, released a statement saying how "irresponsible" it was for the media outlet to release a false report. "Unfortunately, we are forced by a recent press report to clarify that the assertion that Michael could move again is not true," she said. "Such speculation is irresponsible because given the seriousness of his injuries, his privacy is very important for Michael. Unfortunately they also give false hopes to many involved people."

Meanwhile, Schumacher's personal collection of racing memorabilia will be displayed for the public starting later in 2017. It will all be placed in a new and permanent exhibition near his hometown of Kerpen, Germany. The collection features sports cars, karts from his early racing career, trophies, as well as most of his F1 cars in which he won seven world championships. Fans will be able to see everything for free at the new Motorworld Koln-Rheinland classic car centre.

Following his retirement at the end of 2012, Schumacher is statistically known as the most successful Formula One driver in history with his record of 91 wins and 68 pole positions. After suffering from severe head injuries in a skiing accident back in December 2013, Schumacher continues his recovery at home and has not been seen in public since.