Goodyear President and CEO Richard Kramer, alongside Mexican President Enrique Peña Nieto and several other Mexican government officials, announced Friday that The Goodyear Tire & Rubber Co. will build a new $550 million tire plant in Mexico’s San Luis Potosi state to serve its customers in the Americas.
You can watch the entirety of the announcement above (Kramer’s speech begins around the 16-minute mark, following a short video about Goodyear).