What happened: Formula 1 confirmed Wednesday that Sergio Perez has signed a fresh contract keeping him with Cadillac F1 through the end of the 2029 campaign, per Motorsport.com. The multi-year agreement is finalized on the eve of Perez's home race weekend following the United States Grand Prix in Austin.

Why it matters: The extension gives Cadillac long-term driver stability as Marcin Budkowski emphasizes there are no shortcuts in the team's F1 build. Retaining the veteran anchors the lineup despite early growing pains during the 2026 campaign, including a P20 qualifying outing in Singapore and a Monaco penalty that cost the constructor its first championship point.

What to watch: Perez heads into his home Grand Prix weekend with his future locked in through 2029 while aiming to deliver Cadillac's first championship points of the 2026 season.