Sergio Perez has signed a new multi-year contract extension at Cadillac.
Perez’s new contract extension comes despite sitting last in the drivers’ standings with zero points in Cadillac’s first season in F1, as he recorded a season-best finish of 14th in Barcelona, Great Britain and Azerbaijan.
“Joining Cadillac Formula 1 Team from day one was a project I truly believed in, and extending my commitment feels like a natural continuation of this chapter,” explained Perez ahead of his home race this weekend as he admitted that patience is key to the team creating future success.
“Building a Formula 1 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.
“I want to thank Dan (Towriss), Mark (Reuss), and everyone at TWG Motorsports and General Motors for the opportunity to build on what we have started together. To every member of this special team, at the track, in the U.S., the U.K., and our fans, thank you for your support and trust. I won’t let you down. Let’s keep pushing!”
Cadillac CEO, Towriss added that Perez has been “an integral part” in their progress this season and retaining him gives them continuation as they look ahead to next season.
“Building a competitive team in F1 is a long-term journey, and securing Checo’s talent and leadership gives us the continuity and commitment we need to build on the strong foundation established in our first year. Together, we are focused on the next phase of our journey, pushing the team forward and making progress up the grid.”
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