PTC Partners with TRD U.S.A. to Advance High-Performance Engine Development

Toyota (NYSE:TM) highlighted a new partnership where PTC was named Official Engine Design Software Partner of TRD U.S.A.

Rhea-AI Summary

Toyota (NYSE:TM) highlighted a new partnership where PTC was named Official Engine Design Software Partner of TRD U.S.A. PTC's Creo CAD and Windchill PLM will support TRD's high-performance engine design from early concepts to race-ready production across multiple racing series.

Toyota reports it directly employs nearly 64,000 people in North America, has assembled over 50 million vehicles at 14 plants, began North Carolina battery production in 2025, and sold over 2.9 million vehicles in North America in 2025, with more than 47% electrified.

Argus May 28 session

-2.44% close to close Open Argus

Details

News Market Reaction – PTC

In the May 28 session, PTC declined 2.44%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends PTC’s presence in high-performance engineering, with Creo and Windchill de...

Analysis

This announcement extends PTC’s presence in high-performance engineering, with Creo and Windchill designated as core tools for TRD U.S.A.’s motorsport engine development. It complements recent wins in automotive, defense, and cloud collaboration, reinforcing the Intelligent Product Lifecycle strategy. Investors may track whether such partnerships translate into sustained ARR and revenue growth, while also considering recent regulatory filings, insider selling activity, and the stock’s position below its 200-day moving average of $172.59.

Key Figures

North America employees: nearly 64,000 U.S. employees: nearly 48,000 Manufacturing history: almost 70 years +5 more

North America employees

nearly 64,000

Toyota direct employment in North America

U.S. employees

nearly 48,000

Toyota direct employment in the U.S.

Manufacturing history

almost 70 years

Toyota vehicle assembly in North America

Vehicles assembled

over 50 million

Toyota cars and trucks built in North America

Manufacturing plants

14

Toyota manufacturing plants in North America

North American dealerships

more than 1,800

Toyota dealerships in North America

U.S. dealerships

nearly 1,500

Toyota dealerships in the U.S.

2025 vehicle sales

more than 2.9 million

Toyota cars and trucks sold in North America in 2025

Historical Context

5 past events · Latest: May 21

5 events

1. May 21

   Auto software deal

   24h Move

   -1.4%

   Mazda selected Codebeamer ALM for software-defined vehicle development.

2. May 13

   Startup program

   24h Move

   -2.4%

   Expanded PTC for Startups program with free and discounted software access.

3. May 12

   Onshape integration

   24h Move

   -1.2%

   Launched cloud-native Onshape Altium Connector for ECAD-MCAD collaboration.

4. May 06

   Q2 2026 earnings

   24h Move

   +8.0%

   Reported higher ARR, revenue, cash flow and EPS with major buybacks.

5. May 06

   Army PLM win

   24h Move

   -0.6%

   U.S. Army designated Windchill as official enterprise PDM/PLM platform.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

computer-aided design, plm, product lifecycle management, hybrid, +2 more

6 terms

computer-aided design technical

"PTC and its Creo® computer-aided design (CAD) and Windchill® product lifecycle..."

Computer-aided design (CAD) is software that lets engineers and designers create, modify and test detailed digital models of products, buildings, or components on a computer, like a virtual workshop for blueprints. It matters to investors because CAD speeds development, reduces the need for costly physical prototypes, improves accuracy, and helps companies bring products to market faster and with fewer manufacturing problems—factors that can lower costs and boost future revenue.

plm technical

"Creo CAD and Windchill PLM are designated solutions for design and development..."

Product lifecycle management (PLM) is the system and processes a company uses to plan, develop, manufacture and retire a product, like a roadmap that guides a car model from design to end of sales. For investors, PLM matters because it affects how quickly a company brings new products to market, controls costs and maintains quality—factors that influence revenue growth, profit margins and long-term competitiveness.

product lifecycle management technical

"Windchill® product lifecycle management (PLM) solutions will support TRD..."

Product lifecycle management is the organized process a company uses to guide a product from initial idea through development, launch, ongoing updates and eventual retirement. For investors, it matters because effective management speeds time to market, controls costs, ensures quality and regulatory compliance, and extends a product’s revenue potential — much like a film producer coordinating writing, filming, promotion and sequels to maximize box-office returns.

hybrid technical

"creator of the Prius hybrid and the Mirai fuel cell vehicle..."

A hybrid is a combination of two different things designed to work together, often to improve performance or offer new benefits. For investors, it can mean an asset or strategy that blends features from different types of investments, aiming to reduce risk or increase potential returns. This mix helps create a balanced approach, offering both stability and growth opportunities.

plug-in hybrid technical

"full battery, hybrid, plug-in hybrid and fuel cell..."

A plug-in hybrid is a type of vehicle that combines a traditional gasoline engine with an electric battery that can be recharged by plugging it into an external power source. This allows the car to run on electric power alone for short distances, reducing fuel use and emissions. For investors, plug-in hybrids represent advances in clean transportation technology that could influence automotive markets and environmental policies.

fuel cell vehicle technical

"creator of the Prius hybrid and the Mirai fuel cell vehicle..."

A fuel cell vehicle is a car or truck that creates electricity onboard by combining hydrogen with oxygen in a device called a fuel cell, powering an electric motor and emitting only water vapor. Think of it as carrying a small power plant instead of a battery; it refuels quickly like a gasoline car but needs hydrogen stations and specialized parts. Investors watch fuel cell vehicles because their adoption affects fuel and component demand, infrastructure spending, regulatory incentives, and the competitiveness of automakers and energy suppliers.

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• PTC named Official Engine Design Software Partner of TRD
• Creo CAD and Windchill PLM are designated solutions for design and development of TRD's high-performance engines
• Creo CAD and Windchill PLM enable advanced engineering capabilities, efficiencies, and speed to market

BOSTON, May 28, 2026 /PRNewswire/ --  PTC (NASDAQ: PTC) today announced that it was named the Official Engine Design Software Partner of TRD U.S.A. (Toyota Racing Development). PTC and its Creo^® computer-aided design (CAD) and Windchill^® product lifecycle management (PLM) solutions will support TRD in strengthening engineering capabilities, improving efficiency, and accelerating speed to market.

TRD, the high-performance division for Toyota and Lexus, designs motorsport engines for participation in NASCAR, GR Cup, off-road, and numerous other racing competitions. From its Costa Mesa engineering team to trackside staff, TRD uses PTC's Creo computer-aided design (CAD) and Windchill product lifecycle management (PLM) solutions for early design through race-ready production of its multiple generations of winning motorsports engines.

"PTC has been a trusted part of our engine development process for many years, supporting our teams from initial design through production," said Tyler Gibbs, President, TRD U.S.A (Toyota Racing Development). "As our engineering programs continue to evolve, partnering with PTC allows us to further leverage PTC's expertise and technology to improve collaboration, efficiency, and development speed across our organization. We're excited to continue building on that relationship moving forward."

With Creo, Windchill and the rest of its portfolio, PTC is delivering on its vision for the Intelligent Product Lifecycle: enabling manufacturers and product companies to build a product data foundation in engineering, extend the value of that data across their enterprise, and power AI-driven transformation. Broader use of product data enables companies to bring higher quality products to market faster, better manage complexity, meet regulatory standards, and much more. http://www.ptc.com

About Toyota 
Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota and Lexus brands, and directly employs nearly 64,000 people in North America (nearly 48,000 in the U.S.). 

For almost 70 years, Toyota has assembled over 50 million cars and trucks in North America at the company's 14 manufacturing plants. In 2025, the company's plant in North Carolina began assembling automotive batteries for electrified vehicles.

Through our more than 1,800 North American dealerships (nearly 1,500 in the U.S.), Toyota sold more than 2.9 million cars and trucks (more than 2.5 million in the U.S.) in 2025, of which more than 47 percent were electrified vehicles (full battery, hybrid, plug-in hybrid and fuel cell).

About PTC 
PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com. 

Media Contact: Libby Fink jfink@ptc.com

Investor Contact: Michael Maguire investor@ptc.com

PTC, Creo, Windchill and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ptc-partners-with-trd-usa-to-advance-high-performance-engine-development-302784395.html

SOURCE PTC Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new partnership between PTC and TRD U.S.A. for Toyota (TM)?

PTC was named the Official Engine Design Software Partner of TRD U.S.A., supporting high-performance engine development. According to PTC, its Creo CAD and Windchill PLM solutions will help TRD enhance engineering capabilities, improve efficiency, and accelerate speed to market for motorsport engines.

How will PTC Creo and Windchill support Toyota Racing Development engine programs for TM?

PTC Creo and Windchill will be used from early engine design through race-ready production for TRD U.S.A. According to PTC, these tools aim to improve collaboration, efficiency, and development speed across TRD’s Costa Mesa engineering team and trackside operations.

How many vehicles did Toyota (TM) sell in North America in 2025?

Toyota sold more than 2.9 million cars and trucks in North America in 2025. According to Toyota, over 2.5 million were sold in the U.S., and more than 47% of total sales were electrified vehicles, including battery, hybrid, plug-in hybrid, and fuel cell models.

What is Toyota’s electrified vehicle share of sales for TM in 2025?

More than 47% of Toyota’s 2025 North American vehicle sales were electrified. According to Toyota, this percentage includes full battery electric, hybrid, plug-in hybrid, and fuel cell vehicles, reflecting a significant shift toward electrified powertrains across its Toyota and Lexus brands.

How large is Toyota’s manufacturing and employment footprint in North America for TM?

Toyota directly employs nearly 64,000 people in North America and operates 14 manufacturing plants. According to Toyota, these plants have assembled over 50 million vehicles, and its North Carolina facility began assembling automotive batteries for electrified vehicles in 2025, supporting its growing electrified lineup.