Premier Automotive Group preferred buyer of Volvo Cars by Ford. On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010. <ref name="www.ford.com/about-ford/news-announcements"></ref> Premier Automotive Group The Premier Automotive Group (PAG) was an organizational division within the Ford Motor Company formed in 1999 to oversee the business operations of Ford's high-end automotive marques. The PAG was gradually dismantled from 2006 to 2010 with the divestiture of its constituent brands. The
Ford S-Max Ford S-Max The Ford S-Max (stylized as Ford S-MAX) is an MPV produced by Ford Europe for the European market. Ford also describes the S-Max as an SAV. Introduced at the 2006 Geneva Motor Show, the S-Max went on sale alongside the new generation Galaxy in June 2006. The S-Max is intended to be sporty as a saloon, and spacious as an MPV. It shows inspiration from the seven-seater large MPV Galaxy, and compact MPV Ford C-Max. The S-Max has received many positive reviews and awards, and was voted European Car of the Year 2007 on 13 November 2006. Ford