Sergio Perez has signed a new three-year contract extension with Cadillac, committing his Formula 1 future to the American team until at least the end of the 2029 season. The Mexican driver has decided to remain part of the project he joined for its debut campaign in 2026, providing important long-term stability for a team still establishing itself in the championship. The announcement also comes ahead of a special milestone, with Sergio Perez preparing to contest his 300th Formula 1 Grand Prix on home soil in Mexico City.
Having returned to the Formula 1 grid this season, Sergio Perez has now secured his place in the championship for another three years. The agreement represents a significant commitment from both sides, giving Cadillac continuity as it works to develop the foundations of its new operation while allowing the experienced Mexican driver to play an active role in the team’s long-term growth.
Sergio Perez commits to Cadillac F1 project until 2029
Cadillac selected Sergio Perez last year to lead its Formula 1 project alongside Valtteri Bottas, following the Mexican driver’s departure from Red Bull at the end of 2024. The Milton Keynes team had decided to terminate his contract early, leaving him without a race seat before Cadillac offered him the opportunity to return to the championship.
The American manufacturer identified Sergio Perez as an ideal figure to help develop its new team, with the decision to recruit two experienced drivers reflecting that strategy. Both the Mexican and Valtteri Bottas arrived with extensive Formula 1 experience, an important asset for an organisation building its racing operation from the ground up.
Cadillac’s debut season has inevitably featured highs and lows, with the team facing the difficulties associated with entering Formula 1 as an entirely new operation. Nevertheless, Sergio Perez has performed well, regularly outperforming Valtteri Bottas and sometimes establishing a considerable advantage over his teammate. The Mexican has also come closest to delivering some of the team’s most significant results during its first championship campaign.
Sergio Perez’s Monaco performance highlighted Cadillac’s potential
One of Sergio Perez’s strongest performances came at the Monaco Grand Prix, where he initially secured an impressive tenth-place finish that would have delivered Cadillac’s first Formula 1 championship point. However, the result was subsequently lost following a ten-second penalty for failing to position his car correctly in its grid slot at the restart.
Despite the disappointment, the performance demonstrated what Sergio Perez could achieve with Cadillac’s machinery. The Mexican has also been the driver who came closest to progressing into Q2 on a couple of occasions, underlining his contribution during a season in which the American team has frequently struggled for outright competitiveness.
From the beginning of his association with Cadillac, Sergio Perez made it clear that he wanted to take an active role in developing the project rather than simply driving the car. He has established a strong relationship with Cadillac CEO Dan Towriss and General Motors president Mark Reuss, and the team’s plans for the coming years have convinced him to extend his commitment for at least another three seasons.
The long-term agreement also comes as Cadillac continues developing its wider Formula 1 infrastructure, including its plans for an independent power unit programme. The team’s investment in its future engine operation forms part of the manufacturer’s ambition to establish itself as a fully independent competitor.
Sergio Perez explains decision to extend Cadillac contract
Sergio Perez expressed his satisfaction at continuing with Cadillac, emphasising his belief in the project from its earliest stages and his desire to contribute to the team’s future development.
“Being part of the Cadillac Formula 1 Team from day one has always been a project I believed in, and extending my commitment is the natural continuation of that journey,” Sergio Perez declared.
“Building a Formula 1 team from scratch takes time, relentless work and patience, but the progress we are making together is extremely rewarding. There is still a lot of work to do, and I am fully committed for the next three years.”
The Mexican also thanked the senior figures who have supported the project, along with the personnel working across Cadillac’s various facilities and the supporters who have followed the team’s first Formula 1 season.
“I want to thank Dan, Mark and everyone at TWG Motorsports and General Motors for the opportunity to continue building on what we have already started. To every member of this special team, at the track, in the United States, in the United Kingdom, and to our fans, thank you for your support and trust. I won’t let you down. Let’s keep pushing.”
Cadillac CEO Dan Towriss highlights importance of continuity
For Cadillac, retaining Sergio Perez represents an important step towards establishing a stable driver line-up as the team continues to grow. Dan Towriss believes the Mexican’s experience and leadership will be particularly valuable as the American operation attempts to build on the foundations established during its debut season.
“Building a competitive Formula 1 team is a long-term journey, and securing Checo’s talent and leadership gives us the continuity and commitment needed to develop the strong foundations laid in our first year. Together, we are focused on the next phase of our growth, with the aim of moving the team forward and climbing up the grid,” Dan Towriss explained.
The decision reflects Cadillac’s continued confidence in Sergio Perez and its intention to maintain continuity during a period in which significant work remains necessary across the organisation.
Sergio Perez prepares for 300th Formula 1 Grand Prix in Mexico
The timing of the contract announcement adds particular significance to an already important weekend for Sergio Perez. The Mexican is preparing to make his 300th Formula 1 Grand Prix appearance at his home race in Mexico City, where he will celebrate the milestone in front of his supporters.
To mark the occasion, Sergio Perez will race with a special helmet dedicated to his 300th Grand Prix. The celebrations will also extend beyond the circuit, with the Cadillac driver scheduled to take part in a show run through the streets of central Mexico City before the Grand Prix.
The weekend therefore combines an important personal milestone with confirmation of the next stage of his Formula 1 career. Sergio Perez’s commitment to Cadillac until 2029 also represents his first three-year contract extension since 2019, when he signed a long-term agreement with Racing Point before eventually moving to Red Bull in 2021.
Valtteri Bottas faces uncertain Cadillac future for 2027
While Sergio Perez has secured his long-term future with Cadillac, the situation surrounding Valtteri Bottas remains less certain ahead of the 2027 Formula 1 season. The Finnish driver’s debut campaign with the American team has generally fallen short of expectations, although some of his difficulties have also been linked to performance deficiencies affecting certain components of the car.
These struggles have encouraged Cadillac to consider its alternatives for the second seat. However, the team is still in the early stages of building its Formula 1 operation, and some of Valtteri Bottas’ problems have been made worse by an inconsistent car and difficulties with development and production.
As a result, the possibility of retaining Valtteri Bottas for another season cannot be ruled out. Giving the former Mercedes and Sauber driver another opportunity would provide continuity while Cadillac continues developing its car and organisational structure, although other candidates have expressed interest in the seat.
Cadillac’s potential alternatives have also attracted attention elsewhere in the Formula 1 driver market, including the possibility of Rafael Câmara emerging as a candidate for a 2027 opportunity with the American team.
For now, Sergio Perez’s future is settled, and Cadillac can plan around the Mexican driver’s continued involvement through the end of 2029. The question of who will partner him next season remains open, with the team balancing the benefits of experience and continuity against the possibility of making a change as its Formula 1 project develops.
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