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
Collapse of the World Trade Center Shyam Sunder explained, "We are proceeding as quickly as possible while rigorously testing and evaluating a wide range of scenarios to reach the most definitive conclusion possible. The 7 WTC investigation is in some respects just as challenging, if not more so, than the study of the towers. However, the current study does benefit greatly from the significant technological advances achieved and lessons learned from our work on the towers." In November 2008, NIST released its final report on the causes of the collapse of 7 World Trade Center. This followed their August 21, 2008 draft report which included a