Premier is an automotive company which sees the overall functioning of the Volvo Cars and also looks after its business and this company comes within the Ford Group of Industries.
Earlier this company was looking after most of the Ford Companies subsidiaries like Aston Martin, Mercury, Lincoln and Jaguar. However some of the companies it was looking after were taken back into the direct control of the Ford Motor Company like the Lincoln and the Mercury.
The other were sold out to other Foreign automotive companies. The company's complete name is Premier Automotive Group and it was also referred to as PAG.
The company has already sold out its headquarters to other business groups and is no longer a relevant entity as there is nothing left to monitor after the sale of most of its Subsidiaries.
This company had to close because of Fords failure to market expensive and Luxurious brands of Cars. Other wise this company was handling the Luxury car segment of the Ford Subsidiaries.
No one knows the future and may not know when Ford may revive this group if it again begins to look after the Luxury car segment and its expansion in this segment may propel the group to put this company back in business.