The post Pérez And Bottas Reportedly Drivers For New Cadillac F1 Team appeared on BitcoinEthereumNews.com. Sergio Perez and Valtteri Bottas are reportedly the drivers for the fledgling Cadillac F1 team scheduled to join the grid in 2026. (Photo by Dan Istitene – Formula 1/Formula 1 via Getty Images) Formula 1 via Getty Images In 2026, a team fielded by Cadillac will enter the Formula 1 grid. The two drivers who will pilot the cars are reportedly on the cusp of being announced. Multiple outlets are reporting that Sergio Pérez and Valtteri Bottas have signed with the fledgling team for the 2026 season. The announcement is expected sometime next week. Pérez last drove for the Oracle Red Bull team while Bottas spent the 2023 and 2024 seasons with Sauber. He is currently a reserve driver for Mercedes. In selecting the two, Cadillac is opting for experience over the potential in younger drivers. The two have a combined 16 race wins and 106 podiums over their F1 careers. Pérez was released by Red Bull after poor results in comparison to Max Verstappen, but drivers Liam Lawson and Yuki Tsunoda have fared no better. The bulk of Bottas’ achievements came about as a teammate of Lewis Hamilton while the two were part of Mercedes’ run of eight consecutive constructor championships from 2014-21. The new team, led by former Manor team principal Graeme Lowden, identified both drivers as primary targets early in the process, sources have told ESPN. The General Motors racing effort through Cadillac has targeted its own engine no later than 2030. They will enter the field in 2026 with a Ferrari powerplant. The racing effort is overseen by TWG Motorsports, a division of TWG Global, which has co-chairs Mark Walter and Thomas Tull. Dan Towriss leads TWG Motorsports as CEO. TWG Motorsports comprises Cadillac Formula 1, Andretti Global, Spire Motorsports, Wayne Taylor Racing, and Walkinshaw Andretti… The post Pérez And Bottas Reportedly Drivers For New Cadillac F1 Team appeared on BitcoinEthereumNews.com. Sergio Perez and Valtteri Bottas are reportedly the drivers for the fledgling Cadillac F1 team scheduled to join the grid in 2026. (Photo by Dan Istitene – Formula 1/Formula 1 via Getty Images) Formula 1 via Getty Images In 2026, a team fielded by Cadillac will enter the Formula 1 grid. The two drivers who will pilot the cars are reportedly on the cusp of being announced. Multiple outlets are reporting that Sergio Pérez and Valtteri Bottas have signed with the fledgling team for the 2026 season. The announcement is expected sometime next week. Pérez last drove for the Oracle Red Bull team while Bottas spent the 2023 and 2024 seasons with Sauber. He is currently a reserve driver for Mercedes. In selecting the two, Cadillac is opting for experience over the potential in younger drivers. The two have a combined 16 race wins and 106 podiums over their F1 careers. Pérez was released by Red Bull after poor results in comparison to Max Verstappen, but drivers Liam Lawson and Yuki Tsunoda have fared no better. The bulk of Bottas’ achievements came about as a teammate of Lewis Hamilton while the two were part of Mercedes’ run of eight consecutive constructor championships from 2014-21. The new team, led by former Manor team principal Graeme Lowden, identified both drivers as primary targets early in the process, sources have told ESPN. The General Motors racing effort through Cadillac has targeted its own engine no later than 2030. They will enter the field in 2026 with a Ferrari powerplant. The racing effort is overseen by TWG Motorsports, a division of TWG Global, which has co-chairs Mark Walter and Thomas Tull. Dan Towriss leads TWG Motorsports as CEO. TWG Motorsports comprises Cadillac Formula 1, Andretti Global, Spire Motorsports, Wayne Taylor Racing, and Walkinshaw Andretti…

Pérez And Bottas Reportedly Drivers For New Cadillac F1 Team

2 min read

Sergio Perez and Valtteri Bottas are reportedly the drivers for the fledgling Cadillac F1 team scheduled to join the grid in 2026. (Photo by Dan Istitene – Formula 1/Formula 1 via Getty Images)

Formula 1 via Getty Images

In 2026, a team fielded by Cadillac will enter the Formula 1 grid. The two drivers who will pilot the cars are reportedly on the cusp of being announced.

Multiple outlets are reporting that Sergio Pérez and Valtteri Bottas have signed with the fledgling team for the 2026 season. The announcement is expected sometime next week.

Pérez last drove for the Oracle Red Bull team while Bottas spent the 2023 and 2024 seasons with Sauber. He is currently a reserve driver for Mercedes.

In selecting the two, Cadillac is opting for experience over the potential in younger drivers. The two have a combined 16 race wins and 106 podiums over their F1 careers.

Pérez was released by Red Bull after poor results in comparison to Max Verstappen, but drivers Liam Lawson and Yuki Tsunoda have fared no better. The bulk of Bottas’ achievements came about as a teammate of Lewis Hamilton while the two were part of Mercedes’ run of eight consecutive constructor championships from 2014-21.

The new team, led by former Manor team principal Graeme Lowden, identified both drivers as primary targets early in the process, sources have told ESPN.

The General Motors racing effort through Cadillac has targeted its own engine no later than 2030. They will enter the field in 2026 with a Ferrari powerplant.

The racing effort is overseen by TWG Motorsports, a division of TWG Global, which has co-chairs Mark Walter and Thomas Tull. Dan Towriss leads TWG Motorsports as CEO. TWG Motorsports comprises Cadillac Formula 1, Andretti Global, Spire Motorsports, Wayne Taylor Racing, and Walkinshaw Andretti United.

Cadillac F1 received final approval to be the 11th team on the Formula 1 grid in March. At the time, Towriss said that they would be “accelerating our efforts — expanding our facilities, refining cutting-edge technologies, and continuing to assemble top-tier talent.”

The additions of Pérez and Bottas would mark the most important phase of adding talent to the team.

Source: https://www.forbes.com/sites/maurybrown/2025/08/24/prez-and-bottas-reportedly-drivers-for-new-cadillac-f1-team/

Market Opportunity
Seed.Photo Logo
Seed.Photo Price(PHOTO)
$0.24449
$0.24449$0.24449
+2.01%
USD
Seed.Photo (PHOTO) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason

Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason

The post Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, is battling to stay active. Shibarium has slipped from hitting transaction milestones to struggling to record any transactions on its platform, a development that could severely impact SHIB. Shibarium transactions crash from millions to near zero As per Shibariumscan data, the total daily transactions on Shibarium as of Sept. 16 stood at 11,600. This volume of transactions reflects how low the transaction count has dropped for the L2, whose daily average ranged between 3.5 million and 4 million last month. However, in the last week of August, daily transaction volume on Shibarium lost momentum, slipping from 1.3 million to 9,590 as of Aug. 28. This pattern has lingered for much of September, with the highest peak so far being on Sept. 5, when it posted 1.26 million transactions. The low user engagement has greatly affected the transaction count in recent days. In addition, the security breach over the weekend by malicious attackers on Shibarium has probably worsened issues. Although developer Kaal Dhairya reassured the community that the attack to steal millions of BONE tokens was successfully prevented, users’ confidence appears shaken. This has also impacted the price outlook for Shiba Inu, the ecosystem’s native token. Following reports of the malicious attack on Shibarium, SHIB dipped immediately into the red zone. Unlike on previous occasions where investors accumulated on the dip, market participants did not flock to Shiba Inu. Shiba Inu price struggles, can burn mechanism help? With the current near-zero crash in transaction volume for Shibarium, SHIB’s price cannot depend on it to support a rally. It might take a while to rebuild user confidence and for transactions to pick up again. In the meantime, Shiba Inu might have to rely on other means to boost prices from its low levels. This…
Share
BitcoinEthereumNews2025/09/18 07:57
👨🏿‍🚀TechCabal Daily – When banks go cashless

👨🏿‍🚀TechCabal Daily – When banks go cashless

In today's edition: South Africa's biggest banks are going cashless || Onafriq and PAPSS pilot Naira wallet transfers from Nigeria to Ghana || South Africa just
Share
Techcabal2026/02/04 14:02
Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
BitcoinEthereumNews2025/09/18 01:55