Tag Archives: Dr. Michael Steiner

Porsche AG Board Drastically Cuts 2025 Annual Dividend ~50%

Posted on 23 June 2026 by Ken Zino

“This is a responsible approach for the company and its stakeholders,” said CEO Dr Michael Leiters. “We are ensuring financial flexibility during this transformational phase and systematically supporting our strategic realignment. The management’s goal remains to sustainably strengthen the robustness of the business model and create long-term value.” Continue reading →

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Porsche Cayenne Electric – Resourceful Performance

Posted on 24 October 2025 by Ken Zino

“With the Cayenne Electric, we are taking e-performance to a new level,” said Dr Michael Steiner, Deputy Chairman of the Executive Board and Member of the Executive Board, Research and Development. “Our innovative high-voltage system combines maximum efficiency with the driving dynamics typical of Porsche.” Continue reading →

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Porsche Dumps World Endurance Cup!

Posted on 7 October 2025 by Ken Zino

Porsche AG (P911.DE)* said this morning will in future focus on two factory projects in motorsport. Porsche Motorsport will run the Porsche 99X Electric in the ABB FIA Formula E World Championship. Porsche will also run 963 in the North American IMSA WeatherTech series SportsCar Championship. The surprise move abandons some racing that Porsche was long involved with. Porsche Penske Motorsport will end its involvement in the FIA World Endurance Championship (WEC) at the end of the current season. (However, the cost of new model introductions as well as Trump’s tariff wars and formidable Chinese competition on EVs, dividends for shareholders no doubt weighed heavily on the retreat – AutoCrat.)**

“We very much regret that, due to the current circumstances, we will not be continuing our involvement in the WEC after this season,” said Dr Michael Steiner, Deputy Chairman and Member of the Executive Board Research and Development, Porsche AG. Steiner has been at Porsche since 2002 after leaving Daimler AG. Continue reading →

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Porsche to Debut Wireless Charging on 26 Cayenne!

Posted on 4 September 2025 by Ken Zino

Porsche said today that it will offer an 11-kW charging system with a one-box base plate for wireless charging on its upcoming battery-electric vehicles. This at the moment appears to be breakthrough. If things go as planned, Porsche will be the first automaker to offer a convenient recharging system already in widespread use in cellphone apps.

“Ease of use, suitability for everyday use and charging infrastructure are still the decisive factors when it comes to the acceptance of electric mobility,” said Porsche Board Member for Development Dr. Michael Steiner. “We are proud that inductive charging will soon be available in series production at Porsche. Charging an electric car at home has never been so easy and convenient.” Continue reading →

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