Formula 1 team Red Bull drops driver Sergio Perez after four seasons

Formula 1 team Red Bull has dropped Sergio Perez after months of poor results.

Perez has not won a race since April 2023, even as his teammate Max Verstappen has dominated F1, and the 34-year-old Mexican was rarely competitive this season.

Red Bull announced the move Wednesday, terminating Perez's contract two years early, and said a replacement will be announced “in due course.”

Nicknamed “Checo,” Perez started the 2024 season with four podium finishes from the first five races, but he wasn't in the top three since. His last race finish higher than sixth was in May. Verstappen won nine races and his fourth consecutive title this year.