Sergio Perez has signed a new multi-year contract extension with the Cadillac Formula 1 team that will keep him on the grid until at least the end of the 2029 season.
The Mexican driver’s original deal with the American outfit was previously understood to be slated to expire at the conclusion of 2027. However, ahead of a landmark weekend at his home race, the Autodromo Hermanos Rodriguez, Perez has opted to add an extra two years to his tenure, securing his racing future as he approaches the latter stages of an illustrious career.
The timing of the announcement adds a layer of emotional significance to what was already set to be a momentous weekend. This Sunday, the 36-year-old will celebrate his milestone 300th grand prix start in front of a passionate home crowd at the Mexico City Grand Prix, live on Sky Sports F1.
Reflecting on his decision to extend his stay with the newcomer squad, Perez expressed profound belief in the long-term vision of the American project.
"Joining Cadillac Formula 1 team from day one was a project I truly believed in, and extending my commitment feels like a natural continuation of this chapter," said Perez.
"Building a Formula 1 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 for the next three years."
Perez also took the opportunity to express gratitude to the key figures driving the organisation forward behind the scenes.
"I want to thank Dan Towriss, Mark Reuss, and everyone at TWG Motorsports and General Motors for the opportunity to build on what we have started together. To every member of this special team, at the track, in the US, the UK, and our fans, thank you for your support and trust. I won’t let you down. Let’s keep pushing!"
The confirmation of Perez’s multi-year extension secures a stable lineup for Cadillac as they continue their maiden campaign in the pinnacle of motorsport. After being dropped by Red Bull at the conclusion of the 2024 season, Perez spent a year on the sidelines before finding a competitive lifeline with Cadillac upon their arrival on the grid this year.
Although the team’s developmental struggles mean Perez currently sits at the foot of the Drivers’ Championship standings, he has notably outperformed experienced team-mate Valtteri Bottas in their head-to-head battle. Bottas, who also signed a multi-year contract to join Cadillac for their inaugural season—understood to run until the end of 2027—forms part of what is widely regarded as one of the most experienced driver pairings on the contemporary grid.
With this fresh extension taking him through 2029, Perez is positioning himself for a remarkably enduring career in Formula 1. Currently holding the status of the third most active driver on the grid in terms of grand prix starts—trailing only veteran world champions Fernando Alonso and Lewis Hamilton—Perez will reach the age of 39 by the time his new Cadillac agreement expires.
Both Alonso and Hamilton have famously defied conventional sporting retirement timelines by continuing to race deep into their 40s. By committing to Cadillac through the end of the decade, Perez appears poised to emulate his illustrious peers, signaling that his competitive hunger remains entirely undiminished.
Cadillac chief executive Dan Towriss echoed the driver’s enthusiasm, highlighting the immense value of experience and stability as the fledgling constructor navigates its formative years in the sport.
"On the eve of a special weekend in Mexico City, we’re thrilled to announce that Checo will remain an integral part of the Cadillac Formula 1 team for years to come," Towriss stated.
"Building a competitive team in F1 is a long-term journey, and securing Checo’s talent and leadership gives us the continuity and commitment we need to build on the strong foundation established in our first year. Together, we are focused on the next phase of our journey, pushing the team forward and making progress up the grid."
Formula 1 now heads south for the second leg of the demanding Americas triple-header, with the Mexico City Grand Prix taking place this weekend. Track action begins on Thursday with the drivers’ press conference, followed by practice sessions on Friday and Saturday afternoon ahead of Saturday evening’s crucial qualifying hour. The main event lights will go out on Sunday evening, where Perez will take his historic 300th start surrounded by thousands of devoted home supporters.