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Michael Schumacher 'Bad News' About Health ... Says Ex-Ferrari Head

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0204-michael-schumacher-GETTY-01Seems Michael Schumacher's health has taken another turn for the worse -- so says his former Ferrari boss who gave a cryptic update about the 7-time Formula One champ. 

"I have news and unfortunately it is not good," said Luca di Montezemolo, the former president of Ferrari. 

Luca didn't get into specifics when addressing reporters Thursday. 

47-year-old Schumacher suffered severe head injuries in a skiing accident in France back in 2013 -- and information about his condition has been scarce ever since. 

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