Connect with us

Economy

Ford Fiesta closes after 46 years of production

Published

on

Ford Fiesta closes after 46 years of production

This is the end of one of Ford’s most popular models. After 46 years of operation and sales of about 20 million units, the Fiesta is expected to roll off the production line in the middle of next year, to be replaced by an electric model that will be built at the same factory in Cologne, Germany.

Despite the fact that there is still no official brand announcement, this year the first signs of the disappearance of the three-door version of the model have already appeared. In addition, with the seventh generation on the market since 2017, the end of the model’s life was approaching, and nothing was known about its successor.

It could arrive next year as an electric crossover built on the MEB platform that the Volkswagen Group uses for its 100% electric models under an agreement between the two manufacturers. Since the platform is used in the VW ID.3, the dimensions of the future Ford will be between those of the Puma and Focus, which means it can hardly be considered a successor to the Fiesta.

Released 1976

The original design of the Ford Fiesta was approved in 1972 by Henry Ford II and the car was the smallest American manufacturer model designed by Tom Tjaarda (author of the timeless De Tomaso Pantera and Fiat 124 Spider).

If the will of the marketing department had been avenged, the little Ford would have been called Bravo, but the opinion of Henry Ford, assisted by General Motor, prevailed. At the time, Oldsmobile used the name “Fiesta” for one of their vans, but the name was given to Ford for free.

See also  Jeff Bezos steps down as Amazon CEO and goes into space on July 20 - News

A year later, the Fiesta project was approved, on which Ford engineering centers in Italy and England worked, and in September 1976 the first cars began to be sold in France and Germany.

Equipped with engines of 957, 1117 and 1597 cc. cm and power from 40 to 84 horsepower, the Fiesta was originally sold only in a three-door version with a four-speed gearbox.

sports versions

The second generation arrived in 1983, and with it the diesel version and the famous 96 horsepower XR2 with an attractive body kit.

It was not until 1997 that the first five-door Ford Fiesta appeared, and the model’s portfolio included seven gasoline engines (the most powerful produced 130 horsepower) and one diesel engine.

In 2002, the ST version was introduced, a sporty variant that started at 150 horsepower, topped out at 210 km/h, and finished with 200 horsepower and a top speed of 230 km/h.

The Fiesta has also had a long sporting career, especially in rallying, winning many races including Rally Portugal in 2017 when Ford became World Rally Champion.

The success of the Fiesta led the brand to produce it in Germany and the UK. Spain, Brazil, Argentina, Venezuela, Mexico, Taiwan, China, India, Thailand and Africa.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Bankers demand 6.25% pay rise at ‘breaking point’ and refuse further layoffs – ECO

Published

on

Bankers demand 6.25% pay rise at 'breaking point' and refuse further layoffs - ECO





Bankers demand 6.25% pay rise at ‘breaking point’ and refuse further layoffs – ECO































Your browser is out of date!

Update your browser to get the best experience and visualization of this site. Update your browser now

×

See also  Portugal can download ISP! The European Commission approved
Continue Reading

Economy

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Published

on

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Sanctions and supply chain issues have created a parallel market in China, where these chips are sold for 500 times the market value.

Chinese customs officials caught a woman trying to smuggle semiconductors inside a prosthetic belly while pretending to be pregnant. This arrest sheds light on the reality of smuggling that has emerged in the world’s second-largest economy following the sanctions imposed by the United States of America.

According to bloomberg, a woman was caught by the authorities while trying to enter Zhuhai via Macau on November 25. According to customs authorities, the suspect had more than 202 processors and nine smartphones.

The woman came to the attention of the authorities when she was asked what month she was pregnant. “She said she was five or six months pregnant but she had a big belly that looked like she was in her third trimester,” Chinese officials explained.

The economic crisis caused by covid-19 and all the problems that have arisen in the supply chain have opened the door to the emergence of a black market in semiconductors in a country that needs these advanced chips to produce millions of products.

The situation has worsened recently as the Joe Biden administration tightened sanctions on China, focusing on developing advanced technologies, especially for military use.

According to the North American economic publication, the situation is so serious that the prices of these devices reach values ​​up to 500 times their market price, which creates ideal conditions for creating an entire parallel market with telecom operators and resellers.

See also  Mercadona begins the conquest of Lisbon, and this is for every taste

Continue Reading

Economy

Reduced provider discount in December due to falling fuel prices

Published

on

Reduced provider discount in December due to falling fuel prices

The Ministry of Finance reported that in December there is a decrease in the ISP discount by 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline, taking into account falling prices.

The guardianship statement states that, as announced, “the mechanism applied in the ISP is equivalent to reducing the VAT rate from 23% to 13%, and the compensation mechanism through the ISP reduces additional VAT income as a result of the changes. in fuel prices remain in effect.

Thus, taking into account the evolution of diesel and gasoline prices, “these temporary measures result in a reduction in the ISP rebate of 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline. a discount of 17.1 cents per liter for diesel ISP and 15.4 cents per liter for gasoline ISP,” the same note reads.

On the other hand, “the carbon tax update will be suspended until the end of the year,” and “taking into account all the measures in place, the reduction in the tax burden is 27.3 cents per liter of diesel fuel and 24.7 cents per liter of gasoline. “.

The government’s rebate mechanism assumes that a decrease in the price of fuel results in an increase in the Tax on Petroleum Products (NPT) due to a drop in VAT revenues.

“Measures to mitigate the increase in fuel prices remain in place in the month of December, while the government continues to support all consumers by reducing fuel taxes,” the ministry reminded.

See also  The new bank starts this week with a new image

The ISP’s rebate, equivalent to a 13 percent VAT rate cut, was due to run until September 4 but was later extended through the end of the year as part of the government’s family relief package due to price hikes.

Average fuel prices have returned this week to below pre-war levels in Ukraine on Feb. 24, with a 5.1% drop for petrol and 4.1% for diesel calculated by ERSE.

According to the “Weekly Report on the Surveillance of Selling Prices for the Public” published on Monday evening by the Entidade Regladora dos Serviços Energéticos (ERSE), “For the week of 28 to 4 December, the effective pre-tax price is 0.860 euro/l. [euros por litro] for straight petrol 95 and 1067 euro/l for direct diesel”, which after tax is 1660 euro/l and 1685 euro/l for straight petrol 95 and straight diesel, respectively.

These figures are comparable to average prices of 1,816 euros/l for 95 straight-through gasoline and 1,660 euros/l for direct diesel filled on February 24 when the Russians invaded Ukraine, according to the Directorate General of Energy and Geology (DGEG). ).

Continue Reading

Trending