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 T. Towers politics in the 1830s, publishing a journal called the "Whig Standard". He was subsequently elected to the Common Council in 1842, where he served for four years until election to the Board of Aldermen in 1846. With the collapse of the Whig Party in 1852, Towers joined the Know-Nothing movement, the political party defined by its opposition to rights for immigrants and Roman Catholics. Banking on his strength as a member of city government and his reputation as a printer, the Know-Nothings put Towers up for mayor against incumbent John Walker Maury in 1854. The Know Nothings peaked all across