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,

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.

World champion Max Verstappen continued his impressive form by winning the Qatar Grand Prix but Sunday's race marked the end of an era for one former Red Bull driver

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.

Max Verstappen will be replaced by Red Bull for the Abu Dhabi Grand Prix, according to a report. Verstappen won last weekend's Qatar Grand Prix, having won the 2024 Formula 1 championship following his title-clinching result at the Las Vegas Grand Prix last month.

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.

As per reports, Red Bull is all set to drop Sergio Perez at the end of the 2024 season, meaning that the upcoming Abu Dhabi Grand Prix will be the Mexican driver's final race with the defending champi

Sergio Perez knows the score and will come to his own conclusions about his Formula One future, Red Bull boss Christian Horner said after the Mexican fired another blank on Sunday with his time at the team seemingly close to an end.

The Mexican's underwhelming season continued in Qatar