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
John Stephenson Rowntree John Stephenson Rowntree John Stephenson Rowntree (2 May 1834 – 13 April 1907) was a Director of Rowntree's, the York confectionery company and a reformer of the Quaker movement in the United Kingdom. He was the eldest son of Joseph Rowntree (1801 – 1859) and his wife Sarah Stephenson (1807 – 1888). He married Elizabeth Hotham (1835–1875) on 25 August 1858. They had nine children. Following her death, he married, on 10 April 1878, Helen Doncaster (1833–1920). His book, "Quakerism Past and Present" (1859), written at the age of 24, analyses the state of nineteenth-century British Quakerism and was a