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Connected vehicles provide suppliers and OEMs new opportunities to improve their customer experience and offer new services. Yet, in this new era of Internet of Things (IoT), OEMs and suppliers are expected to expand their engineering efforts beyond the vehicle itself. We present a new Rapid Application Development (RAD) service offered by IBM, called IBM Internet of Things Workbench. This is a visual tool, offered as an IBM Bluemix service that allows engineers to design and simulate the overall architecture and interactions between the various IoT entities such as devices, cloud applications and services, mobile clients and asset management systems. IoT Workbench abstracts the messaging details and generates code skeletons for the cloud applications as well as for simulating devices. It also provides the device simulation to allow for the application testing before the actual devices are available and the requirements for the various devices are validated.