Two brothers who were taking their new Audi out for "for a spin" when it ploughed into another car have been identified as victims in a horror triple fatality on Christmas Eve.

The scene of a triple car fatality in Point Cook Credit:Nine News

The brothers, aged 37 and 40, were believed to be just minutes from home when they lost control of their car and crashed into a Honda Jazz on Palmers Road in Point Cook about 7.30pm on Sunday.

The Audi was travelling so fast it burst into flame when it hit a road barrier and the engine ended up 100 metres away from the vehicle.

A 50-year-old Tarneit woman also died at the scene while her passenger, a 35-year-old Tarneit woman, was taken to hospital in a critical condition. She has improved after she was listed in a critical but stable condition on Christmas morning.