Then the Feds here in the States will bail them out...wait and see!
I honestly don't understand where you guys are coming from with these takes. Would you buy a base Fiesta or even a Fiesta Titanium? I know I wouldn't even at half the asking price. Europeans did at huge mark ups for decades but now that money isn't there anymore. Really only Germany is healthy economically. Brits, Francos, Italians aren't paying $40K for a Fiesta Titanium anymore. The ST was a gift to the world because of how popular the Fiesta and Focus were for decades. It didn't make Ford any real money compared to trucks and SUVs.
Ford wanted to keep that small car market share and we all won because of it. They could make as many vehicles as they wanted so they did. Now they *CAN'T* make as much as they want. As others have already pointed out, the supply chain has squeezed everyone. So what gets cut? Low profit margin products (in this case, small cars).
This is smart business. It's a shame that's the case but that's the case.
Hopefully Ford will keep using a lot of existing parts in the Fiesta ST in other vehicles so at least we can get FoMoCo replacement parts when we need them.
edit: I just want to add I would love if the Big Three kept ICE small cars as part of their production and R&D portfolio. especially perfomance based small cars. But I also understand that's like asking someone to keep a theater room in their house when two of their kids have to share a bedroom.