Sergio Perez will remain with Red Bull for the rest of the 2024 F1 season, as confirmed to RacingNews365 by the team.
The 34-year-old's future had been at risk, but the constructors' champions have opted to keep faith with Perez for the rest of the campaign.
The news comes following a key meeting earlier today of Red Bull senior management.
It was believed the Mexican was set to be replaced by either Liam Lawson or Daniel Ricciardo amid reports of a 'shootout' between the two drivers at an Imola test on Wednesday.
Red Bull, however, has now made a definitive decision on Perez despite a poor run of form stretching back to the Emilia Romagna Grand Prix in May.
In the past eight rounds, the six-time grand prix winner has scored a mere 28 points, in stark contrast to the 141 collected by three-time F1 champion team-mate Max Verstappen.
Team principal Christian Horner made an announcement to Red Bull staff at the team's factory in Milton Keynes.
A Red Bull spokesperson confirmed: “Checo remains a Red Bull Racing driver despite recent speculation and we look forward to seeing him perform at tracks he has previously excelled at after the summer break.”
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