Reilly will remain chairman of Vauxhall with the role being split with Kevin Wale, who since 1998 has been based in Singapore as executive director operations for General Motors Asia Pacific, becoming managing director of the Luton-based manufacturer. 'In Europe we have a lot to do,' said Reilly. 'We recorded losses in the second half of last year and started off in loss in the first half of this year.' Project Olympia is designed to return GM Europe to profit and revitalise the brand through focusing on cost reductions across the board and grow the business by focusing on product, sales and marketing. Numerous teams have been established to study different areas of the business and Reilly, in his new role, will be involved in many of them. A Turnaround Board has been established to co-ordinate activities.