Goodyear Monthly Investor Update

AKRON, Ohio, Nov. 21 -- Goodyear's Investor Relations department today published its monthly update for individuals interested in tracking Goodyear's progress on a more frequent basis.

    October Operating Highlights

                             North American Tire
    * In October, industry shipments of consumer replacement tires were 10
      percent below last year's levels.  Goodyear shipments in total of
      consumer replacement tires were also down.  In October, Goodyear shipped
      about 200,000 tires as part of the Ford replacement program.
    * Industry shipments in October of commercial replacement tires were up
      from last year's levels.  Goodyear's shipments in total generally
      reflected industry shipments.
    * In October, industry shipments to original equipment dropped 11 percent
      from a year ago for consumer tires and 24 percent for commercial tires.
      Goodyear's unit shipments were better than the industry for consumer
      tires but below the industry for commercial tires.
    * In light of the weak OE and replacement consumer and commercial markets,
      significant production cutbacks were made in October.  Additionally,
      substantial production cutbacks are expected in November as the company
      continues aligning inventories with market conditions.
    * Petrochemical raw material prices in October remained stable with third
      quarter levels.  Energy costs, especially natural gas, improved versus
      prior year levels.

                                  European Union
    * In October, industry replacement tire shipments were down 10 percent for
      consumer tires and down 2 percent for commercial tires compared to prior
      year levels.  Goodyear consumer shipments generally reflected industry
      shipments however, commercial sales were below industry levels.
    * Both industry and Goodyear shipments of OE consumer tires were up from
      last year.  Industry shipments of OE commercial tires were down from
      last year with Goodyear shipments below industry levels.
    * Lower production volumes due to weak markets and inventory adjustments,
      had a negative impact on margins in October.  Further production
      cutbacks are necessary in November.
    * The euro at 0.90 to the U.S. dollar weakened almost 2 percent in the
      month of October from September.

                                  Eastern Europe
    * Replacement tire unit sales for Goodyear were down from October of last
      year primarily due to the economic crisis in Turkey and a slowdown in
      South Africa.
    * OE tire unit sales for Goodyear were down significantly from October of
      last year due primarily to weak economic conditions in Poland resulting
      in a substantial decline in the Polish automotive industry.
    * Volume shortfalls in Turkey, Poland and South Africa have reduced
      production levels in October, negatively impacting operating margins.
    * The Turkish lira has devalued approximately 137 percent this year.

                                  Latin America
    * October replacement shipments were down from last year primarily in
      Brazil and Mexico due to weak economic conditions.  OE shipments were up
      from last year.
    * The negative impact from a weaker real in Brazil was partially offset by
      price and mix improvements and cost containment measures within the
      region.

                                       Asia
    * Replacement and OE tire shipments for October were up from last year.
    * The negative effect of weak exchange rates was partially offset by
      improved volumes and better mix.

                               Engineered Products
    * Significantly lower OE demand for automotive hoses and power
      transmission products negatively impacted sales volumes in October.
    * Lower OE shipments and exposure to the Brazilian real had a negative
      impact on operating margins.

                                    Chemicals
    * Volumes have been reduced due to production cutbacks in the tire
      industry.  However, stable raw material prices, lower energy costs and
      cost reduction programs have more than offset volume reductions.

    Corporate News
    * At its National Dealer Conference in Las Vegas, Nev., in late October,
      the company's North American Tire group discussed plans to modify its
      distribution model through what it calls "G3 Xpress" and also announced
      new payment terms for some of its distribution.  "G3 Xpress" allows
      dealers with sales volumes under $300,000 annually to purchase tires
      from authorized wholesale distributors.  Payment terms were adjusted
      from 90 days to 60 days effective Oct. 13.  Both decisions are expected
      to result in a more productive supply chain.

    * Goodyear has introduced a hybrid tire and a new brand name for the
      luxury SUV market in North America.  Goodyear's Fortera HL tire, a cross
      between passenger-car and light-truck tires, features a rugged
      appearance, but delivers car-like road manners.   The company began
      shipping 10 popular sizes on Nov. 1 to retailers, six other sizes are
      scheduled through the end of the year.  The Fortera HL was recognized by
      Popular Mechanics as a recipient of its "Editor's Choice" award for new
      products introduced at the SEMA show in Las Vegas.

    * Goodyear Germany has been recognized as "Best Supplier 2000" by the
      DaimlerChrysler Eurostar factory in Graz, Austria.  Goodyear's
      Philippsburg, Germany, plant scored highest in the evaluation, closely
      followed by the company's Fulda, Germany, facility.  Product quality is
      the most important parameter measured, followed by cost, supply
      reliability, service and after-sales support.

    * The Grand American Road Racing Association has selected Goodyear and
      Dunlop as its exclusive race tire partners through 2004.  Beginning in
      January 2002, Goodyear will be the sole supplier of radial tires to
      Grand Am's SportsRacing Prototype I and GTS classes and will provide
      both radials and bias-ply tires to the American GT class.  Dunlop will
      be exclusive on the SportsRacing Prototype II and GT classes.  The
      multi-year agreement is similar to Goodyear's exclusive tire status with
      NASCAR's top three racing series.