What happened: The extension confirms Perez for the 2027 Formula 1 campaign and beyond as he prepares for his home race in Mexico. Sky Sports reported the multi-year agreement keeps the veteran driver with the team through at least the end of the 2029 season.

Why it matters: Locking in a multi-year commitment provides lineup stability for Cadillac following a difficult 2026 debut season in which a penalty in Monaco denied the team its first championship points. Retaining the experienced Mexican driver ahead of his home Grand Prix secures development continuity across upcoming seasons.

What to watch: Perez heads into the 2026 Mexican Grand Prix weekend aiming to secure Cadillac's first championship points of the season on home soil.