Ford will make 1,300 employees redundant following the closure of its Southampton factory, according to Sky sources.
The US company's stamping plant in Dagenham, which presses sheets of metal used to make Transit vans in Southampton, will also be shut down, Sky News understands.
The Swaythling plant will close next summer - with a loss of more than 500 jobs - and the Dagenham facility will be shut at the same time.
Ford will not make an official announcement on its plans until this afternoon.
It marks the end of more than a century of vehicle production in the UK by Ford, which will now only make engines and other car parts in Britain.
The move, revealed by Sky News on Wednesday, comes after union representatives met with company management.
The national officer of the GMB union, Justin Bowden, described it as devastating for Ford's British workers.
"This is very bad news for UK manufacturing," he said.
"Ford's track record in Britain is one of broken promises and factory closures.
"There will be a feeling of shock and anger, and Ford's commitment on investment will cut little ice."
Conservative MP for Romsey and Southampton, Caroline Nokes, said described the news as a "bitter blow" for the region.
"It is critically important that we do everything we can to help those affected," she said.
"The closure will have a significant impact on employment.
"These 500 employees have broadly similar skills and it is very important that they are given the maximum support possible."
But Ford, which employs 11,400 people at sites across the UK, is also expected to announce some good news for its British workforce.
According to Sky sources, the company will safeguard thousands of jobs by confirming that the next generation of diesel engines will be built in the UK.
The carmaker is in the process of restructuring its European operations following a slump in demand, and on Wednesday announced that it would close its "under-utilised" factory in Genk, Belgium resulting in 4,300 job losses.
The chairman and chief executive of Ford of Europe, Stephen Odell, said: "The proposed restructuring of our European manufacturing operations is a fundamental part of our plan to strengthen Ford's business in Europe and to return to profitable growth."
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