"PTC Solutions has helped us by cutting time-to-market and development costs. This leads to a higher market share and increased revenue," said ArvinMeritor design engineer Kumar Ramaiah.
PTC and RWTH Aachen, a European center for manufacturing research, have initiated a global research study with automotive OEM's and suppliers worldwide to better understand their product development strategies and capabilities, and the resulting impact on their financial performance. Senior executives responsible for leading new product development activities have been surveyed, and conclusions and findings will be available in early 2004. PTC said it will use these results to further define the critical success factors for its automotive customers.