It's the car that almost everyone has owned at one point, but the Ford Fiesta could soon be reaching the end of the road.

Since 1977, the Fiesta has been one of the most reliable and affordable cars on the road, with more than 20 million sales on the clock.

Ford bosses are expected to announce in the next few days that the production of the Fiesta will end by mid-2023.

Executives are believed to be holding talks with dealers, suppliers and staff ahead of the announcement.

The Sun first reported that Ford had no plans for an electric version of the car despite its popularity.

And the BBC reports that the Fiesta is set to be discontinued as early as next year as costs of parts rise and drivers opt for SUVs.

A spokesman for Ford said that it was "accelerating our efforts to go all in on electrification", and so the company is reviewing the portfolio of cars it has on offer.

He added that the carmaker does not comment on speculation and that more information would be made available soon.

The Fiesta is currently produced in Germany, although the first model rolled off the production line in Dagenham, Essex, in 1977.

The car was at the forefront of the US carmaker's efforts to corner the British car market because of its more affordable price point.

It was created originally as a more fuel-efficient, small car in the wake of the 1973 oil crisis.

More than 20 million of the cars have since been built for customers worldwide, after it shot to the top of best-seller lists and remained there for decades.

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