Motor racing-Perez extends Cadillac contract until 2029


Formula One F1 - United States Grand Prix - Circuit of the Americas, Austin, Texas, U.S. - October 25, 2026 Cadillac's Sergio Perez ahead of the race REUTERS/Kaylee Greenlee

Oct 28 (Reuters) - Sergio ⁠Perez has signed a multi-year contract extension ⁠with Cadillac that will keep the Mexican ‌driver with the American Formula One team until 2029, the team said on Wednesday.

Perez celebrates a milestone 300th ​Grand Prix start at the ⁠36-year-old's home race in ⁠Mexico City this weekend. A six-times Grand Prix ⁠winner, ‌Perez moved to Cadillac for their debut season on the grid.

"Joining Cadillac ⁠from day one was a project I ​truly believed ‌in, and extending my commitment feels like ⁠a natural ​continuation of this chapter," Perez said in a statement.

"Building a Formula One team from the ground ⁠up takes time, relentless work and ​patience, but the progress we are making together is incredibly rewarding. There is still a lot ⁠of work ahead of us and I am fully committed for the next three years."

A veteran who has raced in Formula One since ​2011, Perez finished third ⁠in the 2022 drivers' championship and second the ​following season behind team mate ‌Max Verstappen when he was ​with Red Bull Racing.

(Reporting by Rohith Nair in Bengaluru, editing by Ed Osmond)

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