Sergio Perez breaks silence on $100M Cadillac stake sale

SAO PAULO GP — Sergio Perez addresses whether majority stake at Cadillac is up for sale.

Sergio Perez was questioned directly at the Sao Paulo Grand Prix on whether a majority stake in Cadillac is indeed up for sale.

The Mexican driver did not confirm or deny the reports during the media session.

Rumors have circulated for weeks that a majority stake in the Formula 1 team could be sold.

Reports from multiple outlets have valued such a deal at around $100 million.

Perez himself signed a contract extension with Cadillac that runs through at least 2029.

That deal is reportedly worth more than $100 million over three years, according to ESPN via Sopitas.

Perez has called this his final contract in Formula 1.

“I am clear that these last three years will be my last contract,” he said, via Reuters.

Perez cited the time commitment away from family as a major factor in his decision to retire after this deal.

“I’m really enjoying working with this team, with this project starting from zero,” Perez said.

“It’s a massive challenge that I’m facing. I’ve never been part of something new.”

“Normally, when you come to a team, everything is structured, and the driver can influence very little in the team organization.”

“Here, I feel like there is so much I can do other than just driving as fast as possible.”

“Having full support from GM and TWG, I really believe that this is the right place for me.”

“This is where I want to end my career on a high with the project.”

Cadillac is a first-season team and has not scored a single point in 2026.

Valtteri Bottas sits 23rd in the drivers’ standings and Perez is 24th.

In Mexico City on November 1, Perez climbed from 20th on the grid to 17th at the flag.

Bottas retired on lap 46 after an incident the team says it will investigate.

The team’s own report blamed equipment problems in both pit stops.

Team Principal Marcin Budkowski said those problems “cost both drivers time and positions on track.”

Budkowski took over the role on August 12, replacing Graeme Lowdon.

Dan Towriss called the move “another important step in the continued evolution” of the team.

Despite the on-track struggles, the team’s value lies elsewhere.

Cadillac runs Ferrari power units and gearboxes under a deal announced on December 11, 2024.

That arrangement runs only until GM’s own engine is ready.

In April 2025, the FIA approved GM Performance Power Units LLC as a power unit supplier.

Supply is set to start in 2029.

GM described the aim as a “full works” team.

The team is backed by TWG Motorsports and General Motors, but no equity split has been disclosed.

Nobody outside TWG, General Motors and a few lawyers can confirm whether a slice of the team is actually being shopped.

Nothing in the team’s own newsroom suggests a sale process is underway.

The latest posts are a Mexico City race report, an energy partnership and Perez’s contract extension.

So the chatter remains unconfirmed.

But the question itself forces a blunt look at what a buyer would actually be buying.

The grid slot itself holds value.