After his driving partner Gerhard Mitter died two weeks later in practice for the 1969 German Grand Prix, Schütz skipped the ultimate round in Zeltweg and retired, sticking to his decision even when Ferrari looked for experienced drivers for their Ferrari 512S multi-car effort in 1970. In total he won 50 races, three of them counting towards the world championship. He has won the German Sports car championship in 1966, scored 2nd with and for Porsche in the 1967 World Sportscar Championship season, finished 3rd with Alfa in 1968, and helped Porsche to finally secure the World Sportscar Championship in 1969.