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Tesla, SolarCity close to merger agreement, report says

Tesla Motors and SolarCity have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter told Reuters.

Audi plans three electric models by 2020, CEO tells paper

Audi aims to have three electric models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, CEO Rupert Stadler told a German newspaper.

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