Major sales drop for Volvo Cars

Volvo Cars sales fell 12 percent in May to 59,822 cars, compared to May last year.Morning news: Elon Musk rages against Trump’s budget proposal

Sales of electric cars, both pure electric cars and hybrids, accounted for 44 percent of sales, which was 20 percent fewer than the same month last year, according to a press release.

So far this year, Volvo Cars has lost eight percent in total sales compared to the same period last year.