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F1 legend and champion Niki Lauda passes away at age 70

The three-time world champion had received a lung transplant last year and then he was hospitalised with flu in January this year

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Niki Lauda. Pics/ AFP

Niki Lauda. Pics/ AFP

Austrian Formula One legend and former world champion Niki Lauda passed away at the age of 70 on Monday (local time), a family spokeswoman confirmed in a statement.

"With deep sadness, we announce that our beloved Niki has peacefully passed away with his family on Monday," stuff.co.nz quoted the family spokesperson as saying.

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