Sergio Perez Signs New Deal with Cadillac F1 Through 2029

Sergio Perez has agreed to a multi-year extension with Cadillac, securing his place with the American Formula 1 team through at least 2029. The Mexican driver joined the squad in their debut season of 2026 after departing from Red Bull and spending some time off the grid.

The 36-year-old has faced challenges during Cadillac's first season but improved steadily, often outperforming his teammate Valtteri Bottas. From the start, Perez wanted an active role within the team, which led to a strong bond with CEO Dan Towriss and General Motors chief Mark Reuss. This relationship and belief in the team's future encouraged him to extend his contract by three more years.

"Joining the 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," Perez said. "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.""I want to thank Dan, Mark, 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."

Mark Reuss, General Motors CEO, praised the partnership, while Dan Towriss added: "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."

Approaching His 300th Grand Prix at Home

This contract news comes as Perez prepares for his 300th Formula 1 race, which will take place at his home Grand Prix in Mexico City this weekend. To celebrate, he will perform a show run on the streets of the Mexican capital. Perez has six career wins, earned during his time with Racing Point and Red Bull.

Future Teammate Still Uncertain

The identity of Perez’s teammate for 2027 remains unclear. Although Bottas reportedly signed a multi-year deal, his disappointing performance this season has led Cadillac to reconsider. Despite the car’s inconsistencies affecting Bottas’ results, there is still a chance he might continue with the team for another year.

Meanwhile, American test driver Colton Herta has been prepared extensively for a possible F1 debut, and the 2027 seat is the last open spot on the market. Outside contenders have also shown interest in Bottas’ seat, adding to the uncertainty.

Driver: Sergio Perez
Team: Cadillac F1
Contract Length: Extended until at least 2029
Current Season: 2026 (Cadillac debut)
Teammate: Valtteri Bottas (uncertain for 2027)
Upcoming Milestone: 300th Grand Prix at Mexico City GP
Career Wins: Six (with Racing Point and Red Bull)