Until the Chinese began producing the rather attractive MG6, the initials "MG" had been ill omens for at least ten years to all who approached them. The era of the Phoenix Four – former MG execs John Towers, Nick Stephenson, Peter Beale and John Edwards, who bought the company from its previous owners, the badly burned and hastily retreating BMW, for £10 – was just an especially nasty capstone. Their collective £10 investment turned into millions of pounds for each of them but nary a car made before they declared bankruptcy and closed up shop.
Autoblog, Ex-MG Rover workers to get check for £2.50
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