David Teolis will join ACT Research on Oct. 1 as chief economist following a 28-year career with General Motors.

In his most recent role, Teolis was responsible for providing economic analyses, forecasting long-term new vehicle sales and conducting special studies for the economies of South America, Africa, the Middle East, Europe and the Asia-Pacific region. Teolis was also responsible for managing General Motors’ foreign exchange rate forecast process and writing monthly and quarterly reports.

Prior to this role, Teolis served for five years as the manager of European economic and industry forecasting for car manufacturer Opel, located at the company’s headquarters in Rüsselsheim, Germany. He joined General Motors in 1995 as an economist with primary responsibility for economic and industry forecasting for Mexico. He subsequently worked in several finance positions within the company before returning to the economics staff as the senior economist for North America.

“We are pleased to welcome David to ACT Research and look forward to his contributions to our economic and commercial vehicle analyses and publications,” Kenny Vieth, president and senior analyst at ACT Research, said. “His past work experience and perspective will make him a true asset to the ACT Research team.”

“I am thrilled to be joining a strong team at ACT and am looking forward to getting to know our customers, their data needs and how I can contribute to the publications and services we offer,” Teolis said.

Teolis was the recipient of the Herman Kahn Fellowship in International Political Economy from the Hudson Institute, where he worked on issues related to NAFTA and telecommunications deregulation. He is a two-time recipient of the Best Overall Economic Forecast Award from the Federal Reserve Bank of Chicago. He is also past-president of the Detroit Association for Business Economics and previously served on the board of directors for Global Ties Detroit and the German-American Chamber of Commerce of the Midwest – Michigan chapter. He is a member of the National Association for Business Economics, the International Institute of Forecasters and the American Economic Association.