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 (zoologist) John Stephenson (zoologist) Prof John Stephenson CIE FRS FRSE FRCS (6 February 1871, Padiham, Lancashire - 2 February 1933, London) was a surgeon and zoologist. He was a leading expert on the earthworms of the Indian subcontinent. After education at Burnley Grammar School, Stephenson matriculated at Owen's College, Manchester and graduated there B.Sc. (Lond.) in 1890 and M.B., B.Chir. (Manc.) in 1893. Stephenson was a house physician from 1893 to 1894 at the Manchester Royal Infirmary and then in 1894 at the Royal Hospital for Diseases of the Chest, London. He joined the Indian Medical Service as a lieutenant on