Former Formula One champion Michael Schumacher is currently in stable but critical condition after suffering a brain injury during a skiing accident in the French Alps Sunday.

Sabine Kehm, the manager of Schumacher, told reporters that the former world champion racer showed small signs of improvement on Tuesday, but his condition did not change on Wednesday.

Since suffering critical head injuries earlier this week, Schumacher underwent two brain operations to relive pressure on his brain. According to the latest reports from his doctors, the 45-year-old racer is still in a medically induced coma.

"The good news for today is there's no significant changes," Kehm said in an Associated Press report via ESPN. "However, it is still very early, and the situation overall is critical. Everything can change immediately."

Doctors recently carried out a critical surgery that decreased the pressure on Schumacher's brain by removing a large hematoma on the left side of his brain, but doctors said that they cannot declare that the F1 legend is out of danger.

Doctors said that they are focused on providing immediate care to reduce the swelling on his brain, which is the reason why they are keeping him in a coma and strictly keeping his body temperature between 34 to 35 degrees Celsius.

Schumacher was skiing at Meribel with his 14-year-old son and a small group of friends when the accident happened. Schumacher's helmet was broken when he hit a rock, but his manager insisted that the seven-time Formula One world champion was not skiing at a high speed when the incident occurred.

Video of his rescue can be found here:

"In the accident, apparently the helmet broke," Kehm said in an interview with The Australian. "That doesn't mean that Michael was travelling at high speed. He seems to have hit a rock as he took a turn. It was a chain of unfortunate circumstances."

Kehm added that Schumacher was just gaining speed before the incident happened because he just helped a friend to his feet, saying that the German racer might have hit his head against a rock when he entered a curve.

"He wasn't going fast because he had apparently just helped a friend who had fallen down," Kehm said. "So Michael just got going again, skied into the deep snow and then, we suspect, hit the rock as he entered a curve."

Schumacher, who is considered as the best F1 driver in history, recorded 91 racing victories and seven world titles before deciding to call it quits in 2012.