John Towers (businessman) ground until it finally collapsed with the loss of 6,500 jobs. PVH gave members of management "unreasonably large" payouts, a government-commissioned report found, which were "out of all proportion". Towers awarded himself £8.958m whilst many employees lost their lifetime jobs - leaving with nothing. Nanjing Automobile subsequently brought MG out of administration, but have since moved production to China. John Towers (businessman) John Towers CBE (born 30 March 1948) is an English businessman, who was the owner and managing director of MG Rover Group from 2000 until the company entered administration in 2005. This followed a succession of senior appointments
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