Updated

An assault suspect who led Los Angeles police on a three-hour chase in a luxury Bentley sedan died hours after shooting himself in the head during a police standoff early Tuesday.

The man, who was only identified as a Pakistani businessman, was rushed to a local hospital, where he was pronounced dead, The Los Angeles Times reported.

A source told the Times that the suspect was distraught over the loss of his business.

The low-speed pursuit covered several Southern California freeways Monday night before the man came to a stop on a street near Universal Studios very close to where the chase began.

About 90 minutes later, television news video showed three large armored vehicles surround the car, and SWAT team members approached with guns pulled. They broke the passenger window of the white sedan with a crowbar and opened the door.

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Police said the man was suspected of assault with a deadly weapon on his girlfriend. They also suspected from the start of the chase that he was armed.

The chase began shortly before 8 p.m. Monday night, Los Angeles police Officer Karen Smith said.

Driving less than 40 mph, the man behind the wheel of the $100,000-plus car began leading officers southbound on U.S. 101 through Hollywood, and kept heading south on different freeways nearly to the coast, then headed back north before stopping on Lankershim Boulevard near a well-lit Toyota dealership. An unidentified dark-haired woman approached the car and appeared to attempt to talk to someone in the Bentley.

As police waved her away, the trunk popped open, and police cars quickly lined up behind it; officers then trained their weapons on the car from behind the open doors of more than a dozen squad cars.

News helicopters hovered over the scene, and authorities kept back a crowd of photographers and gawkers.

Click here for more on this story from the Los Angeles Times.

The Associated Press contributed to this story.