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 Atlantic Stephenson Gateshead with mother as a widow (The father died before Catherine’s wedding in 1860), and according to the 1861 survey they were living at 11b Elswick East Terrace, Elswick with mother and just 3 children, John Atlantic having moved out by now. Geordie dialect words Thomas Allan Allan's Illustrated Edition of Tyneside Songs and Readings John Atlantic Stephenson John Atlantic Stephenson (born 18 June 1829) was a Tyneside businessman and poet and amateur artist in the latter half of the 19th century. He was best known for his recitations. Stephenson was born on Waterloo Day, 18 June 1829 in mid-Atlantic.