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
Truxtun Beale Truxtun Beale Truxtun Beale (March 6, 1856 – June 2, 1936) was an American diplomat. Beale was born in San Francisco to Mary Engle Edwards and Edward Fitzgerald Beale; his siblings were Mary (1852–1925), who married Russian diplomat George Bakhmeteff, and Emily (1854–1912), who married John Roll McLean. He was named for his grandfather Commodore Thomas Truxtun. In 1874 he graduated from the Pennsylvania Military College, and four years later, after studying law at Columbia University, was admitted to the bar. From 1876 to 1877 Beale was secretary to his father the US Ambassador to Austria-Hungary in Vienna. Instead of