Daniel Estrada, 18, is expected to be charged with vehicular manslaughter, vehicle theft and felony hit and run, said Long Beach Police Department spokeswoman Lisa Massacani.

The driver, a 17-year-old whose name was not released, is expected to be charged with murder, vehicle theft and felony hit and run.

UPDATE 9:30am Monday | The Press-Telegram today reports that the names of two of the three people killed in the crash have been released. The driver of the Mustang was 18-year old Jesus Heredia Calixto and his passenger was 32-year old Candice Ann Bustamante. Another passenger has still not been identified.

One other unidentified passenger was ejected from the vehicle but survived and remains in critical condition in a Long Beach hospital. Two 17-year old boys who were driving the stolen Ford Taurus fled the scene, but are in Police custody. The driver was unlicensed. The Press-Telegram story by Kelly Puente paints a grisly portrait of the aftermath, and reports that many Peninsula residents hear cars street racing down Ocean Boulevard quite often [PT].

UPDATE 2:30pm Sunday | A statement from the Long Beach Police Department has confirmed details that were earlier reported by the Los Angeles Times, mainly that all six people involved in the accident were Long Beach residents, that the green Ford Taurus pictured here was stolen, and that the two 17-year old occupants of the Taurus were uninjured, fled the scene and are now in Police custody.

In the black Ford Mustang that collided with the Taurus and slammed into the iconic Peninsula marker sign, the 18-year old driver was killed as were two of the three people ejected from the car on impact. The one survivor was ejected and remains in critical condition. The deceased include an unidentified female, a 32-year old female and the 18-year old male driver. The victim in critical condition is 19 years old.

There have been no indications as to whether or not alcohol was involved in the incident.

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UPDATE 11:35am | The Los Angeles Times is now reporting that the two cars involved in last night's deadly accident were street racing when the black Ford Mustang and green Ford Taurus pictured in this article collided, that the Taurus was stolen, that the driver of that car was unlicensed, that both 17-year old Long Beach residents who fled that car were apprehended, and that all three of the deceased were Long Beach residents as well. [LAT]

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9:20am | Three people were killed in a horrific car accident early Sunday morning when two cars veered off the road and slammed into a concrete sign. The incident occurred just after midnight on Sunday, according to the Long Beach Fire Department.

Two cars were involved in an apparently high-speed collision that caused severe damage and a tragic loss of life at the intersection of Ocean Boulevard and 55th Place, on the upscale Peninsula region of south Long Beach.

In one car, firefighters found that three people had been ejected from the vehicle after it collided with a concrete sign. Two of the ejected victims and one still inside the car were determined dead on the scene. One of those ejected victims was found in severe condition and quickly transported to a local hospital.

Witnesses said that two people that were inside the other vehicle fled the scene. The Fire Department says that one of them may have been apprehended by Police but there is no official word from the proper authorities yet.

More information to come...