Startling footage shows car losing control, spinning around while fleeing police

CCTV footage has captured a dramatic police chase in Palmerston North on Monday afternoon.

The startling footage, supplied to Newshub, shows a car speeding down Tremaine Avenue before losing control and spinning 360 degrees. 

The out of control car narrowly avoids hitting a parked SUV before driving into the middle of an intersection and coming to a stop. 

The two occupants of the car then jump out and start running away. Less than a second later, a police car pulls up next to the abandoned car and several officers jump out and follow the runaways. 

Miraculously the car appears to be undamaged. 

The two occupants have since been taken into police custody. 

Police have been contacted for comment.