German DAX index traded lower on Monday after G-20 countries said Germany should put more effort to contain region's debt crisis instead of just requiring additional money from IMF. German car makers lost ground on news Chinese government prepares to stop purchasing foreign made cars. BMW AG and Daimler AG led the losses tumbling 3.6% and 3.4% respectively. Deutsche Luft fell almost 4% after cancelling flights. Financials also put negative pressure on the index with Commerzbank giving up 4.8%. At the moment of writing DAX is 1.41% or 97.86 points down at 6,767.51.