Three-time world champion Niki Lauda

Niki Lauda dies aged 70

F1 legend Lauda – who won world titles in 1975, 1977 and 1984 – died "peacefully" on Monday, his family confirmed.

Considered to be one of the greatest F1 drivers in history, Lauda won two championships with Ferrari and one during his time at McLaren.

"With deep sadness, we announce that our beloved Niki has peacefully passed away with his family on Monday," his family said in a statement.

"His unique achievements as an athlete and entrepreneur are and will remain unforgettable, his tireless zest for action, his straightforwardness and his courage remain.