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Formula 1 Racer Niki Lauda Dead At 70 Years Old

(Photo by Mark Thompson/Getty Images)

Formula 1 racer Niki Lauda died on Monday.

The Austrian underwent a lung transplant in August, but “passed away peacefully,” according to a report published Tuesday by the BBC.

Lauda is most known for his legendary racing career. He won the title for Ferrari in 1975, 1977 and the McLaren in 1984. After winning his first title, the racecar driver suffered a severe burn from a crash. He went on to recover and return to racing. However, he suffered from poor health and eventually underwent two kidney transplants. (RELATED: 60s Hollywood Icon Doris Day Dies At 97)

After he finished his racing career in 1985, he went on to be a successful businessman.

“His unique achievements as an athlete and entrepreneur are and will remain unforgettable, his tireless zest for action, his straightforwardness and his courage remain a role model and a benchmark for all of us,” his family said in a statement.

Lauda is survived by his wife, twin boys and three children from previous relationships.