Perez Secures Multi-Year Cadillac Extension Until 2029

Sergio Perez has signed a multi-year contract extension, committing him to Cadillac until 2029. The 36-year-old driver is approaching a significant milestone, with his 300th Grand Prix start set to occur in his home race in Mexico City this weekend. He initially joined the American Formula One team last August, ahead of their debut season on the grid, where he races alongside fellow veteran Valtteri Bottas.

Perez made his Formula One debut in 2011 and has since secured six Grand Prix victories. Five of these wins came during his tenure with Red Bull between 2021 and 2024, with an additional win for Racing Point (now Aston Martin) in 2020. His strong performances also saw him finish third in the 2022 drivers' championship and second in 2023, behind his then-teammate Max Verstappen.

Despite having two years remaining on his previous contract, Perez was dropped by Red Bull at the close of the 2024 season. This decision was made after the team concluded he had not demonstrated sufficient ability to consistently support Verstappen. In the current 2026 standings, Perez is positioned at the bottom, with his best results being three 14th-place finishes in Barcelona, Silverstone, and Azerbaijan. Neither Perez nor Bottas has yet scored a point for Cadillac.

Commenting on the extension, Perez stated, "Joining Cadillac from day one was a project I truly believed in, and extending my commitment feels like a natural continuation of this chapter." He added, "Building a Formula One team from the ground up takes time, relentless work and patience, but the progress we are making together is incredibly rewarding. There is still a lot of work ahead of us and I am fully committed to the next three years."

What to watch: Perez's performance in the upcoming 2026 season.

Editor's note: The draft accurately synthesizes all provided facts from the source, covering the contract duration, the driver's history, and the context of his current standing.