Goodyear

Goodyear Tire & Rubber Company Calls for Redemption of Remaining $4 Million in Convertible Notes

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AKRON, Ohio, May 21, 2008 – The Goodyear said today it has called for redemption on June 20, 2008, all of its outstanding 4% convertible senior notes due June 15, 2034. The contractual redemption price is 101.714 percent of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

During the fourth quarter of 2007, Goodyear completed an offer to exchange the convertible notes for a cash payment and shares of common stock. Approximately 99 percent of the convertible notes, which were issued in July 2004, were exchanged. As a result, $3.96 million in aggregate principal amount of convertible notes remain outstanding.

Goodyear Tire & Rubber Company Announces New Assurance Passenger Tire

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DALLAS, Feb. 1, 2008 – The Goodyear Tire & Rubber Company announced today it will add a third product offering in its popular, award-winning Assurance® line of tires. The announcement was made during the Goodyear Dealer Conference, an annual gathering of the company’s North American retail network.

The new tire, named Assurance, is a mid-tier product in Goodyear’s passenger tire family, joining the brand’s two premium offerings in that segment: Assurance ComforTred™ and Assurance TripleTred™. The new tire will initially be offered in 27 sizes at Goodyear retail outlets and independent tire dealerships by the end of March.

Goodyear Plans Production Cutback in France

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Cutback in France Due to Lack of Competitiveness

AKRON, Ohio, January 24, 2008 – The Goodyear Tire & Rubber Company today announced that its European Union business unit is planning to reduce tire production at its two factories in Amiens, France, because their costs are not competitive.

The action will result in a reduction of up to 500 employees at the plants and follows a rejection in October 2007 by employees of company plans to modernize and renovate the plants.

NASA, Goodyear Awarded Funding to Develop Non-Pneumatic Tire for the Moon

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· NASA Glenn Research Center and Goodyear granted Seed Funding
· Step Change Technology required for "Universal" Mobility
· Joint Lunar, Mars project capability could yield "Earthly" rewards

AKRON, Ohio, Dec. 13, 2007 – Goodyear, the innovator of run-flat tire technology on Earth, is working with NASA Glenn Research Center (GRC) to significantly evolve the technology and take its capabilities to the rest of the universe.

Part of a funded program by NASA’s Innovative Partnership Program (IPP) to develop non-pneumatic tires for use first on the moon, and eventually on Mars, the IPP Seed Fund was established to advance key technologies to meet critical needs for NASA’s missions.

Goodyear Announces New Strategic Business Unit

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* Structure to accelerate growth and maximize earnings
* Simplified organization will speed decision making

AKRON, Ohio, December 10, 2007 – The Goodyear Tire & Rubber Company has announced the formation of a new strategic business unit, combining the former regions of European Union (EU) and Eastern Europe, Middle East and Africa (EEMEA).

The new region of Europe, Middle East and Africa (EMEA) will be Goodyear’s largest in terms of geography and second largest, after North America, in terms of annual sales revenue. Annual combined sales revenue for the two regions in 2006 was $6.5 billion. The change becomes effective February 1, 2008.

Goodyear Board of Directors Approves Plan to Keep World Headquarters in Akron

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Tire company and developer reach tentative agreement to build new headquarters and redevelop old facilities for Akron Riverwalk complex.

AKRON, Ohio, December 5, 2007 – The Goodyear Tire & Rubber Company Board of Directors has approved a plan that, when finalized, will keep the company’s world headquarters in Akron, Ohio.

The company announced the tentative agreement this morning at a joint press conference with representatives from the Industrial Realty Group, the State of Ohio, the City of Akron and Summit County. The press conference was held at Goodyear’s World Technical Center, adjacent to the proposed future site of its new headquarters building.

James Firestone Elected to Goodyear Board

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AKRON, Ohio, Dec. 3 /PRNewswire - FirstCall/ -- James A. Firestone, president, Xerox North America, has been elected to the Board of Directors of The Goodyear Tire & Rubber Company (NYSE:GT) .

"Jim has a wealth of managerial experience with a diverse group of respected companies, including Xerox, IBM and American Express," said Goodyear Chairman and Chief Executive Officer Robert J. Keegan. "We are confident that he will contribute significantly to Goodyear's continued growth."

Firestone, 53, is an executive vice president of Xerox Corporation and has led the company's North American operations since 2004. He has also served as head of Xerox's channels group and was the company's chief strategy officer.

Goodyear Consumers Offered Exchange of Certain P215/70R14 Kelly Brand, Associate Brand and Private Label Tires

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· Tire names include Douglas, Kelly, Mohave and Republic
· No defect found in tire after extensive analysis

AKRON, Ohio, November 30, 2007 – The Goodyear Tire & Rubber Company is conducting a precautionary customer satisfaction campaign to exchange certain P215/70R14 tires sold under a variety of names in the United States and Canada.

"This precautionary campaign is in response to our internal analysis and review of early warning data we monitor on our tires," said Sim Ford, manager of Goodyear’s government and customer compliance. "The company has determined some of these tires have experienced adverse service conditions that have led to a tread separation, and in the interest of customer satisfaction has decided to replace qualifying tires.

As Fuel Prices Rise, Goodyear Says Attention to Tire Inflation Should as Well

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AKRON, Ohio, November 8, 2007 – As American drivers begin to think about increased holiday travel in coming weeks, the cost of fueling the family car is higher than it has ever been in November. With this in mind, officials at the country’s largest tire manufacturer, The Goodyear Tire & Rubber Company, are reminding motorists to seek an often overlooked cost advantage at the pump – the air pump.

Tires’ importance at the gas pump is growing as gas prices climb. As of November 7, average U.S. retail gasoline prices had jumped by more than 84 cents versus year-earlier prices, according to the AAA’s Daily Fuel Gauge Report. The pump price had risen to a nationwide average of $3.043 per gallon (regular grade), and as high as a $3.312 per gallon average on the west coast.

Goodyear Announces Conversion Period for Convertible Notes

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AKRON, Ohio, October 16, 2007 – The Goodyear Tire & Rubber Company today announced that its 4.00 % Convertible Senior Notes due June 15, 2034 are now convertible at the option of the holders and will remain convertible through December 31, 2007, the last business day of the current fiscal quarter.

The notes became convertible because the last reported sale price of the company’s common stock for at least 20 trading days during the 30 consecutive trading-day period ending on October 15, 2007 (the 11th trading day of the current fiscal quarter), was greater than
120 percent of the conversion price in effect on such day. The notes have been convertible in previous fiscal quarters.

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