Exhibit 99.1

		News Release
Global Headquarters: 200 Innovation Way, Akron, Ohio 44316-0001		Media Website: www.GoodyearNewsRoom.com

Goodyear Reports Second Quarter, First Half Results

- Strong net income of $202 million for second quarter and $386 million for first half

- Record core segment operating income of $531 million for second quarter and $950 million for first half

- Americas second quarter income of $291 million, 13.9% operating margin

- Europe, Middle East and Africa second quarter income of $148 million, 11.7% operating margin

- Record Asia Pacific second quarter income of $92 million, 17.4% operating margin

- Completed $100 million in share repurchases in second quarter

- Company reaffirms 2016 financial targets

AKRON, Ohio, July 27, 2016 – The Goodyear Tire & Rubber Company today reported results for the second quarter and first half of 2016.

“We delivered higher volumes and solid earnings in the quarter, achieving operating margins above 11 percent in all three business units,” said Richard J. Kramer, chairman and chief executive officer. “Industry fundamentals remain favorable across many of our key markets and demand for our premium, high-value-added tires is strong. Our focus remains on the disciplined execution of our strategy and delivering on our financial targets.”

Goodyear’s second quarter 2016 sales were $3.9 billion, down from $4.2 billion a year ago, with the decrease largely attributable to the deconsolidation of the company’s subsidiary in Venezuela, the sale of the North American motorcycle tire business and unfavorable currency translation.

Tire unit volumes totaled 41.5 million, up 2 percent from 2015, driven by growth in the Asia Pacific and Europe, Middle East and Africa regions. Replacement tire shipments were up 4 percent. Original equipment unit volume was down 4 percent.

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Goodyear’s second quarter 2016 net income was $202 million (75 cents per share), up from $192 million (70 cents per share) in the year-ago quarter. The improvement was primarily due to a decrease in income tax expense. Excluding certain significant items, second quarter 2016 adjusted net income was $314 million ($1.16 per share), up from $229 million (84 cents per share) in 2015. Per share amounts are diluted.

The company reported second quarter segment operating income of $531 million in 2016, down from $550 million a year ago. Segment operating income in 2016 was negatively impacted by a $24 million out-of-period adjustment primarily attributable to 2012 and related to the elimination of intracompany profit in the Americas region. This amount is included as a significant item in adjusted net income. The decrease in segment operating income also reflects a $36 million reduction resulting from the deconsolidation of Venezuela partially offset by cost reduction actions. Core segment operating income, which excludes Venezuela, was $514 million in the year-ago quarter.

Year to Date Results

Goodyear’s sales for the first six months of 2016 were $7.6 billion, down 8 percent from the 2015 period, reflecting unfavorable foreign currency translation of $225 million and the deconsolidation of Venezuela.

Tire unit volumes totaled 83.0 million, up 2 percent from 2015, driven by growth in the Asia Pacific region, primarily in Japan and China. Replacement tire shipments were up 3 percent. Original equipment unit volume was down 1 percent. Excluding the impact of the deconsolidation of Venezuela, unit volumes increased 3 percent.

Goodyear’s year-to-date net income of $386 million ($1.43 per share) is down from $416 million ($1.52 per share) in 2015’s first half. The decrease was due to a one-time gain of $155 million ($99 million after-tax) on the recognition of deferred royalty income in 2015. All per share amounts are diluted.

The company reported first half segment operating income of $950 million in 2016, up from $938 million a year ago. The increase was driven by favorable price/mix net of raw materials and the impact of higher volume. These improvements were partially offset by the deconsolidation of Venezuela. Core segment operating income, which excludes Venezuela, was $880 million in the 2015 first half.

Reconciliation of Non-GAAP Financial Measures

See the note at the end of this release for further explanation and reconciliation tables for Segment Operating Income and Margin; Adjusted Net Income; and Adjusted Diluted Earnings per Share, reflecting the impact of certain significant items on the 2016 and 2015 periods.

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Business Segment Results

Americas

Americas’ second quarter 2016 sales decreased 13 percent from last year to $2.1 billion. Sales reflect a 6 percent decrease in tire unit volume, primarily due to the sale of the former Goodyear Dunlop Tires North America Ltd. business (GDTNA) and the deconsolidation of Venezuela. Replacement tire shipments were down 2 percent. Original equipment unit volume was down 15 percent.

Excluding Venezuela and GDTNA, total tire unit volume was down 3 percent, driven by original equipment volume, while replacement tire volume was flat.

Second quarter 2016 segment operating income of $291 million was down 19 percent from the prior year. The decrease was driven primarily by the deconsolidation of Venezuela, higher conversion cost, an out-of-period adjustment primarily attributable to 2012 and related to the elimination of intracompany profit, and lower volume.

The deconsolidation of Venezuela negatively impacted volumes by approximately 0.3 million units, sales by $115 million and segment operating income by $36 million.

The sale of GDTNA negatively impacted volumes by approximately 0.4 million units, sales by $75 million and segment operating income by $19 million.

Europe, Middle East and Africa

Europe, Middle East and Africa’s second quarter sales of $1.3 billion were about equal to the prior year, as a 4 percent increase in sales volume was offset by unfavorable price/mix and foreign currency translation. Replacement tire shipments were up 3 percent. Original equipment unit volume was up 8 percent.

Second quarter 2016 segment operating income of $148 million was 37 percent above the prior year driven by the impact of higher volume and lower selling, administrative and general expenses.

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Asia Pacific

Asia Pacific’s second quarter 2016 sales increased 8 percent from last year to $528 million. Sales reflect a 21 percent increase in tire unit volume, primarily due to growth in Japan and China. This improvement was partially offset by unfavorable foreign currency translation. Replacement tire shipments were up 38 percent. Original equipment unit volume was up 1 percent.

Second quarter 2016 segment operating income of $92 million was up 10 percent from last year and a record, driven by higher volume.

The acquisition of a controlling interest in Nippon Goodyear Ltd. (NGY) in Japan positively impacted volumes by approximately 1.1 million units and sales by $40 million. The NGY acquisition and the sale of the company’s 25 percent interest in Dunlop Goodyear Tires Ltd. had no net impact on segment operating income.

2016 Financial Targets

The company has reaffirmed its previously communicated 2016 financial targets.

Shareholder Return Program

The company paid a quarterly dividend of 7 cents per share of common stock on June 1, 2016. The Board of Directors has declared a quarterly dividend of 7 cents per share payable September 1, 2016, to shareholders of record on August 1, 2016.

As a part of its previously announced $1.1 billion share repurchase program, the company repurchased 3.6 million shares of its common stock for $100 million during the second quarter.

Investor Day

As previously announced, the company will hold an Investor Day on September 15, 2016 at 9 a.m. in Boston. Investors, members of the media and other interested persons will be able to access the event via a webcast on the company’s investor relations website: http://investor.goodyear.com.

Conference Call

Goodyear will hold an investor conference call at 9 a.m. today. Prior to the commencement of the call, the company will post the financial and other related information that will be presented on its investor relations website: http://investor.goodyear.com.

Participating in the conference call will be Richard J. Kramer, chairman, chief executive officer and president; and Laura K. Thompson, executive vice president and chief financial officer.

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Investors, members of the media and other interested persons can access the conference call on the website or via telephone by calling either (800) 895-1715 or (785) 424-1059 before 8:55 a.m. and providing the Conference ID “Goodyear.” A taped replay will be available by calling (800) 723-7372 or (402) 220-2666. The replay will also remain available on the website.

Goodyear is one of the world’s largest tire companies. It employs about 66,000 people and manufactures its products in 49 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate. GT-FN

Certain information contained in this press release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and potential competitors; foreign currency translation and transaction risks; a labor strike, work stoppage or other similar event; deteriorating economic conditions or an inability to access capital markets; work stoppages, financial difficulties or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; increases in the prices paid for raw materials and energy; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

(financial statements follow)

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The Goodyear Tire & Rubber Company and Subsidiaries

Consolidated Statements of Operations (unaudited)

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The Goodyear Tire & Rubber Company and Subsidiaries

Consolidated Balance Sheets (unaudited)

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The Goodyear Tire & Rubber Company and Subsidiaries

Consolidated Statements of Cash Flows (unaudited)

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Non-GAAP Financial Measures (unaudited)

This earnings release presents Total Segment Operating Income, Core Segment Operating Income, Adjusted Net Income and Adjusted Diluted Earnings Per Share (EPS) on a historical basis, which are important financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be construed as an alternative to corresponding financial measures presented in accordance with U.S. GAAP.

Total Segment Operating Income is the sum of the individual strategic business units’ (SBU’s) Segment Operating Income as determined in accordance with U.S. GAAP. Management believes that Total Segment Operating Income is useful because it represents the aggregate value of income created by the company’s SBUs and excludes items not directly related to the SBUs for performance evaluation purposes.

Core Segment Operating Income is Total Segment Operating Income excluding the operating income from our Venezuelan subsidiary, which we deconsolidated on December 31, 2015. Management believes that Core Segment Operating Income is useful because it represents Total Segment Operating Income from the company’s ongoing reported operations.

Adjusted Net Income is Goodyear’s Net Income as determined in accordance with U.S. GAAP adjusted for certain significant items. Adjusted Diluted EPS is the company’s Adjusted Net Income divided by Weighted Average Shares Outstanding-Diluted as determined in accordance with U.S. GAAP. Management believes that Adjusted Net Income and Adjusted Diluted EPS are useful because they represent how management reviews the operating results of the company excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, asset sales and certain other significant items.

It should be noted that other companies may calculate similarly-titled non-GAAP financial measures differently and, as a result, the measures presented herein may not be comparable to such similarly-titled measures reported by other companies.

See the tables below for reconciliations of historical Total Segment Operating Income, Core Segment Operating Income, Adjusted Net Income and Adjusted Diluted EPS to the most directly comparable U.S. GAAP measures.

Segment Operating Income and Margin Reconciliation Table

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Adjusted Net Income and Adjusted Diluted Earnings per Share Reconciliation Table

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