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Exhibit 99.1 FOR IMMEDIATE RELEASE GLOBAL HEADQUARTERS : 200 INNOVATION WAY , AKRON , OHIO 44316-0001 MEDIA WEBSITE : WWW.GOODYEARNEWSROOM.COM MEDIA CONTACT : ED MARKEY 330.796.8801 EMARKEY@GOODYEAR.COM ANALYST CONTACT : NICHOLAS MITCHELL 330.796.5512 NICHOLAS MITCHELL@GOODYEAR.COM NEWS RELEASE GOODYEAR REPORTS SECOND QUARTER , FIRST HALF 2021 RESULTS Second quarter Goodyear net income of $ 67 million ; adjusted net income of $ 79 million • • • • Second quarter merger - adjusted segment operating income of $ 349 million Global consumer replacement volume continued to exceed industry , driven by large - rim diameter volume Global consumer OE volume outpaced market , with electric vehicle tire deliveries more than doubling Second quarter price / mix exceeds raw materials by nearly $ 130 million AKRON , Ohio , Aug. 6 , 2021 – The Goodyear Tire & Rubber Company today reported results for the second quarter and first half of 2021 . " We delivered merger - adjusted segment operating income significantly above last year and nearly 60 percent higher than second quarter 2019. Our strong results reflect continued recovery in demand , including above - market growth across many of our businesses . In addition , the execution of our strategies helped deliver the highest quarterly contribution of price / mix in nine years , ” said Richard J. Kramer , chairman , chief executive officer and president . " Broad economic recovery remains robust , particularly in the U.S. and China , ” continued Kramer . “ Our second quarter results demonstrate our ability to capture value in the marketplace with innovative products and services while overcoming inflationary cost pressure . " " The addition of Cooper Tire in early June also contributed to our strong merger- adjusted earnings growth , and we welcome all of our new colleagues to the Goodyear family . Our teams are now focused on integrating our businesses and leveraging the combination to provide enhanced service for our customers and consumers . " Goodyear's second quarter 2021 sales were $ 4.0 billion , up 86 % from a year ago . The increase was driven by higher volume , the Cooper Tire merger , increased sales from other tire - related businesses and favorable foreign currency translation . ( more ) GOOD YEAR .