Sergio Perez is in Miami for this weekend's Formula 1 Grand Prix, perhaps a routine visit given his ownership of a home in the dynamic US city, known for its fusion of Latin American and American cultures.
However, his presence takes on added significance with Cadillac, the incoming Formula 1 team for 2026, hosting a high-profile event on Saturday.
Billed as a "red carpet event" at Queen Miami Beach, Cadillac's expected unveiling of its 2026 F1 livery is described by the carmaker as "the cultural centrepiece of the grand prix weekend," expected to draw Hollywood A-listers and motorsport dignitaries.
According to Austrian newspaper Osterreich, Cadillac and General Motors officials will also be active in the F1 paddock throughout the weekend, amplifying speculation about potential driver line-up.
Perez, 35, was dropped by Red Bull at the end of 2024 due to underwhelming performances, but his reputation has partially recovered as his replacements, Liam Lawson and Yuki Tsunoda, have also struggled to match Max Verstappen's pace.
The Mexican driver retains strong financial backing from billionaire Carlos Slim and his brands, such as Telmex, and has reportedly secured a new sponsorship deal with Heineken, according to Osterreich.
Perez's attendance in Miami has intensified rumours of a potential 2026 race seat with Cadillac, a team he has been frequently linked to alongside other drivers like Valtteri Bottas, Zhou Guanyu, and Mick Schumacher.
Mick Schumacher, however, will not be in Miami.
Despite stepping back from his Mercedes reserve role, the German remains committed to a Formula 1 return. "It's still a significant part of my career," he said. "If I get the chance again, I'll take it."
Former Racing Bulls team principal Franz Tost endorsed Schumacher's potential, stating, "I hope it's not too late for Mick. With the right preparation, he would be a good choice for Cadillac."
Even former F1 supremo Bernie Ecclestone weighed in, suggesting Schumacher's marketability could benefit a team like Cadillac. "If Michael had been at his side, Mick would still be driving there today," the 94-year-old said.
"The Schumacher name has enormous appeal in the USA—even more than in Europe. Formula 1 could still make good use of this name."
