Hi,
I believe that the highest fBUS frequency you can reach with the interal oscillator tuned at 32 kHz is 16 MHz. Do it by including
MCGC2_BDIV = 0;
(The default speed is fBUS = 8 MHz).
If you want to use the PLL part of the clock generator to get higher frequencies, you must use an external oscillator.
Regards,
Ake