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

+0.91% close to close Open Argus

Details

News Market Reaction – TM

On May 28, the day this news came out, TM closed 0.91% above the previous close.

Data tracked by StockTitan Argus for the May 28 session.

Key Figures

North America employees: nearly 64,000 U.S. employees: nearly 48,000 Vehicles assembled: over 50 million +5 more

North America employees

nearly 64,000

Direct Toyota employment in North America

U.S. employees

nearly 48,000

Direct Toyota employment in the U.S.

Vehicles assembled

over 50 million

Cars and trucks assembled in North America over ~70 years

Manufacturing plants

14 plants

Toyota manufacturing locations in North America

Dealerships NA

more than 1,800

North American Toyota dealerships

Dealerships U.S.

nearly 1,500

U.S. Toyota dealerships

Vehicles sold 2025 NA

more than 2.9 million

Cars and trucks sold in North America in 2025

Electrified mix 2025

more than 47 percent

Share of 2025 North America sales that were electrified vehicles

Previous Partnership Reports

3 past events · Latest: Mar 04

Same Type 3 events

1. Mar 04

   Music tour partnership

   24h Move

   +0.3%

   Conclusion of U.S. tour partnership with Ela Taubert and fan-focused activations.

2. Jun 10

   Lifestyle collaboration

   24h Move

   +0.7%

   Limited-edition Howler Brothers collaboration built around Toyota Land Cruiser branding.

3. May 29

   Artist sponsorship deal

   24h Move

   +1.8%

   Year-long partnership with Ela Taubert including tour sponsorship and media projects.

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, product lifecycle management, plm, fuel cell

4 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.

product lifecycle management technical

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

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.

plm technical

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

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.

fuel cell technical

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

A fuel cell is a device that turns chemical energy from a fuel, most often hydrogen, directly into electricity through a controlled chemical reaction, with water and heat as the main byproducts. Investors care because fuel cells can offer cleaner, longer-range power for vehicles, buildings and industry compared with traditional engines or batteries; advances can lower costs, shift demand for fuels and components, and open new markets much like a more efficient engine reshapes transportation.

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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.