Sergio Perez Signs Multi-Year Contract Extension With Cadillac F1 Team Through 2029

Sergio Perez has officially cemented his long-term future in Formula 1, signing a multi-year contract extension with the Cadillac Formula 1 Team that keeps him on the grid until at least 2029. The agreement ends months of speculation regarding the veteran driver's next move.[1][4]

The American outfit announced the deal on Wednesday, locking in their marquee driver for the next 3 seasons. Perez, who joined the newly formed team to provide crucial developmental feedback, will now serve as their foundational anchor through the upcoming regulatory cycle.[2][5]

"We are thrilled to commit to Checo with this multi-year extension," a Cadillac team representative stated in the official release. "His immense experience and race-winning pedigree have been invaluable to our growth, and he remains central to our long-term ambitions."[2]

Securing the 36-year-old Mexican driver represents a significant stability play for Cadillac as they navigate the fiercely competitive midfield. Perez brings exactly 284 grand prix starts and 6 career victories to a garage still establishing its operational rhythm.[3][7]

The extension arrives during a critical phase for the team, which has faced predictable growing pains since joining the Formula 1 grid. By retaining Perez, Cadillac ensures they have a proven baseline to evaluate their aerodynamic upgrades and power unit integration.[4][6]

Speculation had mounted in recent weeks regarding the second seat at Cadillac, with several younger drivers reportedly linked to the American project. Instead, the team opted for continuity, trusting Perez's technical feedback to guide their engineering department.[6][7]

"I am incredibly proud to continue this journey with Cadillac," Perez said following the announcement. "Building a team from the ground up is a massive challenge, but the commitment from everyone in Detroit and at the factory shows we are building something special."[1][2]

The 2029 timeline is particularly notable, as it carries Perez well past his 39th birthday and through the sweeping 2026 aerodynamic and engine regulation changes. His presence guarantees that Cadillac will tackle the new era with one of the grid's most experienced tire managers over the next 36 months.[5][7]

For Perez, the deal represents a remarkable career second act after his high-pressure tenure at Red Bull Racing. The move to Cadillac has allowed him to transition into a leadership role, mentoring younger engineers and shaping the car's development direction without the immediate expectation of championship contention.[3][4]

Industry analysts view the contract as a mutual win, providing Cadillac with commercial appeal across 3 crucial North American races. Perez remains one of the sport's most marketable figures, consistently drawing crowds exceeding 350,000 fans to the Mexico City Grand Prix weekend.[1][3]

The focus now shifts to who will partner Perez in the upcoming seasons, as Cadillac evaluates its options for the second garage. With their lead driver secured, management can take a measured approach to finalizing the rest of their trackside roster.[6][7]

As the current season heads toward its conclusion, Perez and Cadillac can now concentrate entirely on track performance. The long-term security allows both driver and team to align their development goals for 2027 and beyond.[4][5]