Bankrupt German wind turbine manufacturer Senvion has sufficient financing to stay afloat until the end of August, Chief Executive Yves Rannou said at a townhall meeting, according to a person who attended the meeting, Reuters reported. The company is hoping to strike a deal to sell some of its assets but not the whole company by then, Rannou said at the meeting on Tuesday, adding that talks with staff would now start regarding units for which no buyer can be found, the source said.

German car parts maker Leoni has started holding meetings with prospective buyers for its wire and cables division, which it has put on the block in a bid to bolster its cash position, people close to the matter said, Reuters reported. After sending out information packages earlier this month, Leoni’s management is holding informal talks with potential bidders, they said. Preparations for a listing of the unit have been put on the backburner given market conditions, they added.

Bankrupt German wind turbine manufacturer Senvion is in talks to buy time to strike a rescue deal as negotiations with potential buyers of the company continue, people close to the matter said, Reuters reported. The company is in discussions with creditors to extend a 100 million euro ($111 million) insolvency loan so it can avoid having to agree to sell at any price, they added. An original end-June deadline for final bids was dropped and a later envisaged end-July deadline is also being postponed, one of the people said.

German factory executives have reported that industry conditions are in “free fall”, according to a survey that comes just hours before the European Central Bank’s policy decision, the Financial Times reported. The Ifo Institute’s manufacturing business climate index slumped to minus 4.3 in July from positive 1.3 the previous month. The reading was the lowest in more than nine years and echoes a separate survey released on Wednesday that pointed to mounting troubles in Europe’s powerhouse economy.

Deutsche Bank’s plans to retreat from risky investment banking, fire thousands of people and return to its German roots may eventually create a healthier lender. In the short term, the overhaul will be a major financial drain, the International New York Times reported. That was made clear on Wednesday, after the bank reported a loss of 3.2 billion euros, or $3.6 billion, from April through June, as it subtracted the costs of a restructuring plan announced earlier this month. The plan is seen as a last-ditch attempt to arrest a decade of decline.

German auto parts maker Weber Automotive GmbH has been put up for sale as part of insolvency proceedings that started this month, according to a company spokesman. Weber filed for insolvency amid deteriorating earnings and a row between its founding family and majority shareholder Ardian SAS over the “form and scope” of a financial restructuring, Bloomberg News reported. Failure to rescue the ailing company leaves its creditors on the hook for what remains outstanding from a 130 million euro ($145 million) loan dating from 2016.

Heraeus’s quartz glass works in Bitterfeld and Nemak’s auto supplies plant in Wernigerode have little in common, outwardly at least, the Financial Times reported. But both have resorted to the same unusual manoeuvre to cope with Germany’s industrial slowdown. The three are among dozens of companies that have imposed “short-time work” on their employees, in what economists say could be the harbinger of trouble in the German labour market. Germany is in its tenth straight year of economic growth, with unemployment close to a record post-reunification low.

Views on the state of the German economy darkened again in July, according to a key survey, as analysts weighed factors including rising tensions in the Gulf, the US-China trade dispute and uncertainty around the UK’s exit from the EU, the Financial Times reported. The Zew survey of financial market experts indicated deteriorating views on both the current state of and outlook for Europe’s powerhouse industrial economy.

Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow Chief Executive Officer Ola Kallenius to start with a clean slate. But on Friday, the Mercedes-Benz maker cut its earnings outlook again -- the fourth warning in just over a year -- suggesting an alarming degree of disarray at the world’s biggest producer of luxury cars at a time when slowing sales and huge investments in new technology are testing the industry, Bloomberg News reported.

Job cuts and restructuring announced by Deutsche Bank AG this week risk making it harder for the German lender to claw back market share at its surviving Asian units, Bloomberg News reported. Over the past five years, Deutsche Bank has fallen down the rankings for Asian debt capital markets and wealth management, while it has lost the top spot to rivals in fixed-income, currencies and commodities trading. Despite these slips, the businesses contributed to a record profit for the firm in the first quarter of 2019.