The BBC understands executives are planning to announce the production will end as early as next year.
It was created originally as a more fuel-efficient, small car in the wake of the 1973 oil crisis. In recent years, it has been displaced by newer models such as the Puma. 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.