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,

Sergio Perez’s time at Red Bull Racing appears to be over. 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.

Monday's F1 news features a major development on Sergio Perez's Red Bull future as the FIA confirm an additional punishment for Lando Norris.

Sergio Checo Pérez's poor performance this year has had direct consequences for Red Bull in the Constructors' Championship

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.

Horrible outcome for Checo Perez in the Qatar Grand Prix. Again he fails to score points and it is already six times so far this season, something really unthinkable when the seaso

Sergio Perez is set to leave Red Bull at the end of the season, reports suggest, with doubts over the Mexican's future emerging just hours after team chief Christian Horner confirmed a big decision was looming.