Perez Extends Contract with Cadillac Until 2029

Mexican driver Sergio Perez has signed a new multi-year contract with the Cadillac Formula 1 team. The agreement keeps the driver with the team until at least the end of 2029. Perez's existing contract was set to expire at the end of 2027, but it has been extended by two years.

Perez will make his 300th Grand Prix start this Sunday at the Autodromo Hermanos Rodriguez circuit in Mexico City. The 36-year-old driver will race in front of his home fans.

In his statement, Perez said he has believed in the project since the team's founding stage. The driver noted that building a Formula 1 team from scratch requires time, effort and patience, and said he is very pleased with the progress made together. Stressing that there is still a lot of work ahead, Perez said he is fully committed for the next three years.

Perez also thanked team owner Dan Towriss, General Motors chairman Mark Reuss, and the TWG Motorsports and General Motors teams. He also expressed his gratitude to the teams and fans in the United States and the United Kingdom for their support, both at the track and beyond.