Cadillac, Sergio Perez agree to multi-year contract extension through 2029

The deal follows his P20 qualifying run in Singapore.

Wire Report IntelligenceUpdated 3h1 min read

What happened: Cadillac and Sergio Perez have agreed to a multi-year contract extension that keeps the driver with the Formula 1 operation through the 2029 season, per Frontstretch. Formula 1 confirmed the multi-season commitment on Wednesday.

Why it matters: Long-term stability in the cockpit supports the constructor's multi-year development timeline after Marcin Budkowski stated Cadillac has no shortcuts in its F1 build. The organization opted for continuity despite a challenging 2026 campaign in which a penalty at the Monaco Grand Prix denied the team its first championship points.

By the numbers: Perez is locked in through 2029 after qualifying P20 at the Singapore Grand Prix on Oct. 11 and losing a P10 points finish in Monaco to Fernando Alonso via penalty in June. In the series' most recent round at Circuit of the Americas, Kimi Antonelli won from P1 on the grid ahead of Charles Leclerc in P2 and Max Verstappen in P3.

What to watch: Perez and Cadillac continue the 2026 Formula 1 regular season still pursuing the constructor's first championship points.

Sources

Frontstretch 2026-10-28T15:35:18.410170+00:00

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Cadillac, Sergio Perez agree to multi-year contract extension through 2029

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