Sergio Perez Commits to Cadillac Through 2029 With Multi-Year F1 Contract Extension

Perez Extends American Team Stay Through 2029

Sergio Perez has signed a multi-year contract extension with Cadillac that will keep the 36-year-old driver with the American Formula One team through the 2029 season. The announcement comes as Perez prepares to make his landmark 300th Grand Prix start this weekend at his home race in Mexico City.

Perez originally joined Cadillac last August ahead of the team's debut season on the grid, partnering with fellow veteran driver Valtteri Bottas. Throughout his career, which began in 2011, Perez has accumulated six Grand Prix victories. His race wins include five secured with Red Bull between 2021 and 2024, and one with Racing Point in 2020. His career highlights also feature a third-place finish in the 2022 drivers' championship and a runner-up finish behind teammate Max Verstappen in 2023.

Following his departure from Red Bull at the end of the 2024 season, Perez transitioned to the newly formed Cadillac project.

Current Season Standing and Team Development

Cadillac's debut campaign has presented substantial competitive challenges. As the 2026 season progresses, neither Perez nor teammate Bottas has scored a championship point. Perez currently sits at the bottom of the standings, with his highest finishes this season being three 14th-place results in Barcelona, Silverstone, and Azerbaijan.

Despite the difficult start on track, Perez expressed confidence in the long-term trajectory of the squad.

"Joining Cadillac from day one was a project I truly believed in, and extending my commitment feels like a natural continuation of this chapter," Perez said in the official announcement. "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."

Practical Implications and Verification

For Formula One followers and supporters of the new American constructor, this extension signals long-term stability in the team's driver lineup as it navigates the developmental hurdles typical of a brand-new franchise.

Readers seeking to verify the details of this contract extension can consult the primary reporting and official statements via the BBC Sport coverage at https://www.bbc.co.uk/sport/formula1/articles/cqde852ww04ko.

Confirmed Facts

• Sergio Perez signed a contract extension keeping him at Cadillac until 2029.
• He is set to make his 300th Grand Prix start at the Mexico City Grand Prix.
• Perez has six career F1 wins and joined Cadillac last August.
• Neither Perez nor teammate Valtteri Bottas has scored points for Cadillac in the 2026 standings.

Unknowns and Uncertainties

• Specific financial terms and performance clauses of the multi-year agreement were not disclosed.
• The timeline for Cadillac to score its first competitive championship points remains open as development continues.

Reader Verification

To independently review the source statements and direct quotes, readers should visit the official BBC Sport article detailing the announcement.