Chad McQueen's family announced his death on social media Thursday, calling his life a "remarkable journey."
"He passed his passion, knowledge and dedication down to us and we will continue not only his legacy but our grandfathers as well," they captioned an Instagram photo of McQueen in a classic convertible on his verified account.
McQueen died Wednesday, his lawyer, Arthur Barens, confirmed to The Associated Press . A cause of death has not been shared.
Chad McQueen, Steve McQueen's son, arrives at the screening of TCM's documentary "Steve McQueen: The Essence of Cool" at the Peterson Automotive Museum on May 24, 2005, in Los Angeles. Michael Buckner, Getty Images
McQueen is best known for his role as Dutch in 1984's " The Karate Kid " and its sequel, 1986's "The Karate Kid Part II."
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The family asked for privacy as they "navigate this difficult time and ... as we remember and celebrate his extraordinary life."
The Los Angeles-born actor picked up racecar driving in later years, founding McQueen Racing . He hung up racing in the mid-2000s after suffering severe injuries.
Chad McQueen attends the United States premiere of "Steve McQueen: The Man & Le Mans" at Laemmle NoHo 7 on Nov. 11, 2015, in North Hollywood, California. Joe Scarnici/Getty Images for FilmRise
"His passion for racing not only highlighted his exceptional talent, but also served as a way to honor his father's legacy, a testament to the values instilled in him," his family wrote.
McQueen was also known for starring in the 1993 action film "Firepower" as Darren Braniff, opposite Gary Daniels. He also served as an executive producer on a number of films, including two Steve McQueen documentaries: "I Am Steve McQueen" and "Steve McQueen: The Man & Le Mans."
McQueen was one of two children and the only son of father and famed film antihero Steve McQueen, known as the "King of Cool." Steve McQueen, also a racing driver, died in 1980 at age 50.
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