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In August 2005, he purchased Studley Castle in Warwickshire, a hotel and conference centre formerly owned by Phoenix Venture Holdings, the consortium who owned carmaker MG Rover from 2000 until 2005.
In 2006, David James entered talks with MG Rover's new owners the Nanjing Automobile Group to buy the MG brand in order to produce a number of sports cars based on the out of production Smart Roadster design following discussions with DaimlerChrysler to buy the Roadster's design, technology and equipment for approximately £13 million.
The Savvy was also among two models (alongside the Proton Gen-2) the now defunct MG Rover was seeking to rebadge when it entered talks with Proton's parent company in 2005.
This new business acquired assets relating to the MG XPower SV sportscar from PricewaterhouseCoopers, the administrators of the defunct MG Rover Group, and intended to continue production of the model as the MG XPower WR.