Cadillac Formula 1 confirmed Sergio Perez will continue with the team through the 2029 Formula 1 season. Perez is one of the most experienced drivers on the current F1 grid, a Mexican national whose massive following in Latin America and particularly in Mexico makes him commercially valuable beyond his lap times. Cadillac F1 — General Motors’ Formula 1 entry, which joined the grid as an expansion team — has been building toward competitiveness, and retaining an experienced driver of Perez caliber provides both development feedback and commercial appeal during the team establishment phase. The contract through 2029 is a substantial commitment that spans multiple technical regulation cycles.

SPORTS / F1  ·  SERGIO PEREZ  ·  CADILLAC F1  ·  2029  ·  CONTRACT EXTENSION  ·  FORMULA 1

FORMULA 1 — Sergio Perez was confirmed to continue with the Cadillac Formula 1 team through the 2029 season following a contract extension announcement by the team, according to Formula 1 official sources. The financial terms of the extension, the specific performance targets or milestones attached to the contract, and any details about the team’s 2026 and beyond technical development program were not detailed in the announcement. Whether the contract includes any break clauses tied to team performance was not reported.

Sergio Perez, known as Checo, is a 36-year-old Mexican driver who spent four seasons with Red Bull Racing from 2021 to 2024, during which he secured multiple race victories and finished as championship runner-up in 2023. He joined Cadillac F1 for the 2025 season as the team made its Formula 1 debut. Formula 1 has seen significant grid expansion with Cadillac joining as the 11th constructor, bringing General Motors back to Formula 1 for the first time since Chevrolet engine involvement ended. Perez connection to the Mexican Grand Prix in Mexico City — one of Formula 1’s highest-attended and most commercially important races — gives Cadillac a significant marketing and fan engagement asset in a strategically important market.

Cadillac F1 Development Context

New Formula 1 teams face a multi-year development curve before becoming genuinely competitive. The 2026 Formula 1 season introduces new technical regulations, including new power unit regulations that bring all manufacturers to a more level starting point — this regulatory reset represents a significant opportunity for expansion teams like Cadillac. Retaining Perez through 2029 means Cadillac has him available across the entire first cycle of the new regulations. His experience with competitive teams, his ability to provide technical feedback from having driven championship-winning machinery, and his commercial value to Cadillac Latin American marketing strategy all factor into a multi-year commitment that goes well beyond pure lap time considerations.

“Cadillac is my home. I believe in what this team is building. Together we will make Mexico and all of Latin America proud on the Formula 1 world stage.” — Sergio Perez, extension announcement, via Formula 1 official

WHAT HAPPENS NEXT

► 2026 car reveal — Cadillac F1 2026 car launch and technical specification announcement.

► Teammate announcement — who races alongside Perez for Cadillac in 2026 and beyond.

► Mexico Grand Prix — Perez home race commercial and fan engagement plans.

► Championship target — when Cadillac expects to compete for points and podiums.

CONFIDENCE: HIGH

Sergio Perez contract extension with Cadillac F1 through 2029 confirmed by a Formula 1 official source. Financial terms, performance targets, and technical development details NOT confirmed — flagged. Perez career record, Red Bull tenure, and Cadillac F1 debut from established F1 documented record.

Bias Check
Left-Lean	Center	Right-Lean
No significant political bias dimension to this story.	Reports confirmed Perez Cadillac F1 contract extension through 2029 as stated by Formula 1 official source.	No significant political bias dimension to this story.
Assessment	ONYX presents a confirmed extension from an official F1 source. Commercial and technical context from established Formula 1 documented record. Sports story without significant editorial bias dimensions.

SOURCES

► Formula 1 official — Sergio Perez confirmed to remain with the Cadillac F1 team through the 2029 season; the team announced the contract extension