Perez signs Cadillac contract extension until 2029

Summarised from 2 outlets · Updated 28 Oct, 16:41 · Archive

Sergio Perez has signed a multi-year contract extension to remain at Cadillac until at least 2029.

Sergio Perez has extended his contract with Cadillac, the American Formula One team newcomers, keeping him with them until at least the end of 2029. His original agreement was due to expire at the end of 2027. The 36-year-old announced the extension ahead of this weekend's Mexico City Grand Prix, where he will reach his 300th Grand Prix start in his home race.

Perez joined Cadillac in August 2025 before their debut season on the grid, racing alongside fellow veteran Valtteri Bottas. The Mexican driver was dropped by Red Bull at the end of 2024 after two seasons with the team. According to BBC News, he has not yet scored any points for Cadillac this season, with his best results being three 14th-place finishes.

In a statement, Perez said that 'building a Formula One team from the ground up takes time, relentless work and patience'. He expressed his full commitment to the team for the next three years and thanked the owners and staff at Cadillac, General Motors and TWG Motorsports for the opportunity.

How it is being reported

• Perez signs multi-year extension with CadillacSergio Perez will remain with Cadillac until 2029 after signing a multi-year contract extension.BBC News · 28 Oct, 16:10
• Perez signs new Cadillac contract ahead of home raceSergio Perez has signed a new multi-year contract that will see him stay at Cadillac until at least the end of 2029.Sky Sports · 28 Oct, 15:16

In this story: Sergio Perez · Cadillac · Mexico City · Red Bull · Valtteri Bottas · Max Verstappen · General Motors

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log