FRANKFURT, Germany – The Premier Automotive Group debuted four high-line vehicles and one sleek concept car at the Frankfurt auto show, but none was more important than a little entry-level redesigned Volvo. The second-generation Volvo S40 lacks the flash, dash and high price of some of its PAG stablemates sharing the Frankfurt stage, most notably an ultra-luxury, super-fast Aston Martin DB9 priced at $200,000. But the wiry Volvo compact offers highest hopes in Ford Motor Co.-owned PAG’s ...

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