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Updated: 13:04, Tuesday February 5, 2008
One thousand Mitsubishi workers in Adelaide are nervously waiting an announcement on the future of their jobs.
Sky News understands the company's board will make a decision at 1:30pm (AEDT) to close the plant.
Mitsubishi workers are expected to be informed of the shut down later this afternoon, before the company makes an official statement.
The plant has struggled for viability for years, and the launch of a new Australian model in 2005 did little to help.
Analysts say flagging vehicle sales and high petrol prices have made the Adelaide assembly line unprofitable.
There are reports the plant has been operating at only at one third capacity.
The company is reportedly planning to shift production to Russia and China.
One thousand Mitsubishi workers in Adelaide are nervously waiting an announcement on the future of their jobs.
Sky News understands the company's board will make a decision at 1:30pm (AEDT) to close the plant.
Mitsubishi workers are expected to be informed of the shut down later this afternoon, before the company makes an official statement.
The plant has struggled for viability for years, and the launch of a new Australian model in 2005 did little to help.
Analysts say flagging vehicle sales and high petrol prices have made the Adelaide assembly line unprofitable.
There are reports the plant has been operating at only at one third capacity.
The company is reportedly planning to shift production to Russia and China.
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