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UNITED STATES
                                       SECURITIES AND EXCHANGE COMMISSION
                                                          WASHINGTON, D.C. 20549


                                                               FORM 8-K
                                                            CURRENT REPORT

                                      Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


             Date of Report (Date of Earliest Event Reported):                                          September 26, 2008


                         The Goodyear Tire & Rubber Company
                                               __________________________________________
                                               (Exact name of registrant as specified in its charter)

                        Ohio                                         1-1927                                        34-0253240
             _____________________                               _____________                                  ______________
             (State or other jurisdiction                         (Commission                                   (I.R.S. Employer
                  of incorporation)                               File Number)                                 Identification No.)

      1144 East Market Street, Akron, Ohio                                                                        44316-0001
    _________________________________                                                                            ___________
     (Address of principal executive offices)                                                                     (Zip Code)

            Registrant’s telephone number, including area code:                                           330-796-2121

                                                                Not Applicable
                                             ______________________________________________
                                            Former name or former address, if changed since last report




Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:

[   ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On September 26, 2008, The Goodyear Tire & Rubber Company (quot;Goodyearquot;) drew $600 million under its $1.5 billion Amended and
Restated First Lien Revolving Credit Facility due 2013 as a result of a temporary delay in its ability to access $360 million of cash
currently invested with The Reserve Primary Fund. The funds also will be used to support seasonal working capital needs and to enhance
Goodyear’s cash liquidity position. This borrowing under the revolving credit facility bears interest at a rate per annum of 125 basis points
over LIBOR (currently 4.68%). Goodyear previously announced its intention to make this draw in a press release dated September 25,
2008.

The material terms of the revolving credit facility are described in Goodyear’s Form 8-K, filed with the U.S. Securities and Exchange
Commission on April 23, 2007, and in Note 11 to Goodyear’s Consolidated Financial Statements included in its Form 10-K for the year
ended December 31, 2007.
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                                                          The Goodyear Tire & Rubber Company

October 2, 2008                                                           By: W. Mark Schmitz

                                                                                Name: W. Mark Schmitz
                                                                                Title: Executive Vice President and Chief Financial Officer

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goodyear 8K Reports 10/02/08

  • 1. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): September 26, 2008 The Goodyear Tire & Rubber Company __________________________________________ (Exact name of registrant as specified in its charter) Ohio 1-1927 34-0253240 _____________________ _____________ ______________ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1144 East Market Street, Akron, Ohio 44316-0001 _________________________________ ___________ (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: 330-796-2121 Not Applicable ______________________________________________ Former name or former address, if changed since last report Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  • 2. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On September 26, 2008, The Goodyear Tire & Rubber Company (quot;Goodyearquot;) drew $600 million under its $1.5 billion Amended and Restated First Lien Revolving Credit Facility due 2013 as a result of a temporary delay in its ability to access $360 million of cash currently invested with The Reserve Primary Fund. The funds also will be used to support seasonal working capital needs and to enhance Goodyear’s cash liquidity position. This borrowing under the revolving credit facility bears interest at a rate per annum of 125 basis points over LIBOR (currently 4.68%). Goodyear previously announced its intention to make this draw in a press release dated September 25, 2008. The material terms of the revolving credit facility are described in Goodyear’s Form 8-K, filed with the U.S. Securities and Exchange Commission on April 23, 2007, and in Note 11 to Goodyear’s Consolidated Financial Statements included in its Form 10-K for the year ended December 31, 2007.
  • 3. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The Goodyear Tire & Rubber Company October 2, 2008 By: W. Mark Schmitz Name: W. Mark Schmitz Title: Executive Vice President and Chief Financial Officer