SoftBank Vision Fund invests $560m in Germany's Auto1 car portal

SoftBank Vision Fund invests $560m in Germany's Auto1 car portal

Key fobs for 2017 Fiat Chrysler Automobiles (FCA) vehicles hang on a board at a car dealership in Moline, Illinois, U.S., on Saturday, July 1, 2017. Photographer: Daniel Acker/Bloomberg

Japanese telecom giant SoftBank is investing €460 million ($560 million) in Auto1, a five-year-old German online marketplace for buying and selling used cars, according to a Reuters report.

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