John Towers (businessman) Nick Stephenson and John Edwards, Towers formed Phoenix Venture Holdings (PVH) which bought Rover Group for £10 in April 2000. In addition they also bought the Studley Castle, a conference hotel. They subsequently purchased Midland Powertrain, MG Rover's engine plant from BMW for £20. Finally, for £50 along with an undisclosed sum from the Royal Bank of Scotland, they purchased Rover Capital, (now MG Rover Capital) a book of Rover car loans. Kevin Howe was appointed MG Rover's Managing Director in July 2000. In April 2005, MG Rover went into administration, following the collapse of takeover talks with Shanghai Automotive
Highland Towers collapse Highland Towers collapse The Highland Towers collapse was an apartment building collapse that occurred as a result of a major landslide on 11 December 1993 in Taman Hillview, Ulu Klang, in Selangor, Malaysia. The collapse involved Block 1 of the Highland Towers, resulting in the deaths of 48 people and led to the complete evacuation of the remaining two blocks due to safety concerns. The Highland Towers consist of three similar 13-story blocks, built in phases between 1974 and 1982 at the western base of a steeply sloped hill which was later terraced extensively in the early 1980s. These towers