Akron, OH - Goodyear Tire & Rubber has commenced a public offering of $700 million aggregate principal amount of 10-year senior notes, subject to market and other customary conditions. The notes will be senior unsecured obligations of the company. Goodyear intends to use the net proceeds from this offering, together with current cash and cash equivalents, to redeem all of its $650 million in aggregate principal amount of its 10.5 percent senior notes due 2016. Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Goldman, Sachs & Co. and Wells Fargo Securities, LLC will be the joint book-running managers for the offering.