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 B. Stephenson a viral infection in December 1994. He was selected as an American Council on Education Fellow in 1973-74, and as a Fulbright Senior Research Scholar in 1981, which he used for research in Scotland which was presented in his book, "Ford: A Village in the West Highlands of Scotland" (1984). He served on boards of the Kentucky Literacy Foundation, the national Elderhostel program, the Frontier Nursing Service, and the Appalachian Regional Hospitals. Thomas R. Ford and J. Randolph Osborne, eds. "John B. Stephenson: Appalachian Humanist". Ashland, Kentucky: The Jesse Stuart Foundation, 2001. John B. Stephenson John B. Stephenson (September 26,