Goodyear to build US$500m tyre factory in central Mexico

Mexico City

US tyre maker Goodyear will build a half-billion-dollar factory in central Mexico that will produce six million tyres a year for customers across the Americas, the company said on Friday.

Goodyear is the third auto sector company to make a major announcement in Mexico since last week, following a US$1 billion investment by Japanese giant Toyota and a US$2.5 billion project by US automaker Ford.