Hi sudeepsingh
The toolbox for MPC5566EVB is quite old, limited and no longer supported - since part of the tools/dependencies used for code generation are no longer maintained.
If you wish to "teach a graduate course on automotive electronic" then i would suggest to have a look at MPC5744P or S32K.
These are newer processors dedicated for automotive applications and more important - there are low cost kits available for each of them in the range of $50, and of course active support in this community.
Best regards,
Daniel