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 Edwards Carolina legislature passed a law prohibiting such awards unless the company had specifically sanctioned the employee's actions. In December 2003, during his first presidential campaign, Edwards (with John Auchard) published "Four Trials", an autobiographical book focusing on cases from his legal career. According to this book, the success of the Sta-Rite case and his son's death (Edwards had hoped his son would eventually join him in private law practice) prompted Edwards to leave the legal profession and seek public office. Edwards, his daughter Cate, and David Kirby started a new law firm, called "Edwards Kirby," in 2013, with offices in