(Updates with details on Goodyear plants)
MEXICO CITY, April 24 (Reuters) - Goodyear Tire & Rubber Co will invest $550 million to build a new tire plant in Mexico, the country's economy minister said on Friday.
The Goodyear plant will be located in the central state of San Luis Potosi, Economy Minister Ildefonso Guajardo said at an event in Mexico City, confirming an earlier Reuters report.
Goodyear, which has 50 plants in 22 countries, sold 162 million tires worldwide last year, including 61.1 million in North America, according to its 2014 earnings report.
Goodyear's announcement marks the latest in a recent bonanza of auto investments in Mexico. This spring, Ford, Toyota , and Volkswagen have all revealed that they will be expanding their footprints in the country.
(Reporting by Joanna Zuckerman Bernstein)