While Pérez signed a new contract with the team ahead of the Canadian Grand Prix, reporting indicates that the contract allows for Pérez to be moved into an ambassadorial role.

Even in the throes of a miserable run of form to end what he has labeled a “terrible” Formula One season with Red Bull, Sergio Pérez’s outward confidence about his future has never been shaken. On Thursday,

Perez signed a multi-year contract extension earlier this season, but his new terms did little to boost his deteriorating performances, and after a miserable second half of the campaign, ESPN report that Red Bull have made the decision to move on from the six-time Grand Prix winner.

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Veteran driver Sergio Perez is reportedly leaving Red Bull at the end of the Formula One season. ESPN is reporting multiple sources confirmed Red Bull decided to move on from Perez after Monday's Abu Dhabi Grand Prix. Perez, 34, sits in eighth place in the Formula One drivers standings with one race remaining.

According to ESPN, “Red Bull have decided to move on” after this Sunday’s 2024 Formula 1 season finale in Abu Dhabi. Perez failed to finish the Qatar Grand Prix on Sunday after he said his car lost forward drive as he attempted to accelerate for a green flag.

Sergio Perez said he was relieved as he approaches the conclusion of what has been an abysmal 2024 season and was optimistic about finishing on a positive note at the final round in Abu Dhabi.

Sergio Perez might soon be having discussions with Red Bull team principal Christian Horner after his late reaction to the green light during his Qatar Grand Pr

Mexican Formula 1 star Sergio Perez, one of the top drivers in the sport over the last five years, is expected to part with Oracle Red Bull Racing at the end of this season.

Veteran driver Sergio Perez is leaving Red Bull Racing after this season, ESPN reported Monday. Perez, 34, sits in eighth place in the Formula 1 drivers standings with one race remaining. The 2024 F1 calendar concludes on Sunday with the Abu Dhabi Grand Prix.