HOLDEN will announce it plans to stay in Australia for at least another decade after securing a subsidy package of more than $200 million.
Fairfax reports Prime Minister Julia Gillard, Holden chairman Mike Devereux, South Australian Premier Jay Weatherill and Australian Manufacturing Workers Union boss Ian Jones will be in Canberra today for the announcement.
The car manufacturer has suffered from the high dollar and rising production costs.
It threatened to shut its Australian operations altogether unless the government committed to a further assistance package beyond 2015.
It's reported that Mr Devereux will pledge to stay in the country until at least 2022.