Formula 1 News: Cadillac hasn't signed Sergio Perez yet

(GMM) Dan Towriss, one of the most influential figures in the new-for-2026 Cadillac F1 team, insists the outfit is in “no rush” to sign up Sergio Perez.

Axed Red Bull driver Perez, who was in Miami at the weekend along with his billionaire Mexican sponsor Carlos Slim and Towriss, was at the center of speculation that he has been signed on a three-year contract.

Carlos Slim Domit (Far Right) and Former F1 CEO Chase Carey at the 2025 GP of Miami. Slim Domit is the son of Mexican Billionaire Carlos Slim Helu and runs all the Slim family sport endeavors, including sponsorship of Sergio Perez and the Mexico City GP.

That proved wide of the mark.

“We’re in no rush,” Towriss, CEO of TWG Motorsports, which stepped in as a co-owner following the stepping-back late last year of Michael Andretti, told Le Journal de Montreal.

Names including Valtteri Bottas and Guanyu Zhou, as well as American IndyCar talent Colton Herta, are all doing the rounds, but team boss Graeme Lowdon explained that many others are also still in the running.

“We’re taking our time,” Towriss insisted. “Several names currently circulating are indeed on our list.”

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May 4, 2025

(GMM) F1 legend Mario Andretti insists Cadillac is in no rush to sign up its drivers for 2026, including rumored Sergio Perez.

At a glitzy red carpet event in Queen Miami Beach on Saturday night, Formula 1’s brand new eleventh team for next season and beyond was launched.

It was rumored that the event could coincide with an official announcement that axed Red Bull driver Sergio Perez has been signed up.

But 1978 world champion Andretti, a consultant and advisor to the new GM-linked outfit, says Cadillac is in no rush to sign on any dotted lines.

In an interview with Fox Sports MX, Mario Andretti he accepts that Sergio Perez is among a small group of drivers who are considering for the Cadillac team in F1, but he is not yet in a position to say that he will be in one of their seats.

“First of all, a driver has to be available,” he told Sky Deutschland, amid additional rumors that Perez, 35, could in fact be in talks with up to two additional teams for a 2026 comeback.

Perez’s billionaire backer Carlos Slim, however, is also in Miami this weekend.

“It would be a good story for the American market because he’s simply very well-known,” former F1 driver Ralf Schumacher said when asked about the Perez rumors.

“He knows a lot about car development. He’s also been with new, smaller teams in the past. And he brings sponsorship money with him. His sabbatical may have helped him. Things weren’t easy for him recently at Red Bull.”

Cadillac is openly considering an American driver for one of the seats – chiefly Colton Herta – whilst also needing a teammate with real F1 experience.

“Experience plays an important role,” Andretti, 85, admitted. “But when you look at the available pool of drivers, you have to seize the opportunity as late as possible. Because you don’t want to miss out on any great opportunities.”

However, he doesn’t deny that drivers of the caliber of Perez or Valtteri Bottas are attractive.

“We know in the back of our minds who we’d like to have, but if a better opportunity arises, we don’t want to miss it,” Andretti insists.

“We can’t commit to anything yet. There are definitely a lot of interested drivers who would love to be on board.”