MOORESVILLE, N.C. – Announced today, Team Penske and Siemens, a leading global provider of product lifecycle management (PLM) software and services, have entered into a new technical partnership. Under the multi-year agreement, Siemens will help enhance Team Penske’s performance with full access to a wide variety of software products to enable advanced digital design and simulations. Team Penske race teams will utilize Siemens’ software across their computer-aided design (CAD), engineering, simulation and machining platforms. Utilizing this software, Team Penske can create a digital twin of their race cars, which can help engineers simulate engine configurations, innovate new parts and predict race results in real-time.