Niki Lauda, who underwent lung transplant surgery last week in Austria, is making steady progress according to a statement released on Monday by the AHK Vienna hospital.

The F1 legend fell ill while on holiday in Ibiza last month, with a chronic cough compelling the Mercedes non-executive chairman to seem medical help in his home country.

A severe lung infection led a rapid transplant, and while Lauda's condition was life threatening, his condition was stabilized to the satisfaction of his doctors in the aftermath of the heavy surgery.

"Already 24 hours after surgery Mr Lauda could be extubated, was spontaneously breathing and had full consciousness," reads a statement from the hospital.

"During the following days his condition has further improved continuously. Mr Lauda will stay at the Vienna General Hospital until his full recovery."

The surgery was performed by specialist Walter Klepetko, head of the hospital's thoracic surgery unit, and Konrad Hotzenecker.

A best case scenario would see Lauda fully recovered and returning to work in a matter of weeks.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

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