F&I Management & Training

The group of four businessesmen - John Towers, Peter Beale, John Edwards and Nick Stephenson - who have been blamed for the collapse of MG Rover are to launch a campaign to clear their names. Frustrated at the delay in the Department of Trade and Industry publishing a report into the April 2005 collapse, the quartet - known as the 'Phoenix Four' - are drawing up a campaign that they believe will reveal the role played by Prime Minister Gordon Brown and one of his senior advisers in the April 2005 collapse of the company. The DTI report, which is being compiled by BDO Stoy Hayward and a barrister, is not expected to be completed until the end of this year at the earliest. The quartet, who have so far refused to discuss the collapse publicly, have appointed lawyers and a public relation teams. A number of Freedom of Information requests are being compiled that the businessmen believe will reveal how some people in Government killed off Mr Towers' plan to save Rover and sell it to a Chinese company.

DATED: 02.06.08

FEED: AW