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Ford ends an era as the last Fiesta rolls off the production line - TL;DR CNBC

Ford ends an era as the last Fiesta rolls off the production line

Publishing timestamp: 2023-07-07 09:47:50


Summary

Ford has announced that production of the Fiesta, a smaller car with a distinctive design, will cease as the company transitions to an electric future. This move aligns with the shift away from fossil fuel vehicles in Europe. The last Ford Fiesta will be manufactured on Friday, marking the end of an era. Ford will keep the final two Fiestas for its heritage vehicle fleets. The company aims to have a fully electric lineup in Europe by 2030. The decision to discontinue the Fiesta reflects a market shift towards compact SUVs and the need for more investment in electrified models.


Sentiment: POSITIVE

Tickers: F, 

Keywords: autos,  business news,  ford motor co, 

Source: https://www.cnbc.com/2023/07/07/ford-fiesta-end-of-an-era-as-last-fiesta-rolls-off-production-line.html


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