The group hopes the iconic city employer will reverse its decision to close the 88 year old site or find an alternative operator to take it on.
In the meantime, work also continues to secure the future of those workers threatened with redundancy.
The council has put forward an action plan for a potential 'Goodyear Taskforce' to co-ordinate a single package of support for affected employees in the event the plant closure goes ahead.
MP Emma Reynolds and representatives from the Council, Goodyear, Job Centre Plus, Department for Business, Innovation & Skills, Local Enterprise Partnership, Black Country Chamber of Commerce, Black Country Consortium, and UK Trade & Investment (UKTI) sat around the table at the Civic Centre yesterday to agree to their part in a taskforce.
The same figures will meet again next month to discuss how to move forward following the outcome of the workers' legal consultation process, which ends on 23 September..
At this point workers' union Unite will also be invited to join the discussions.
Councillor John Reynolds, Cabinet Member for City Economy, said: "Yesterday's meeting helped clarify what is required of everyone involved after exploring in detail the possible outcomes of the Stafford Road plant and its workers.
"Goodyear are in no doubt of our desire to keep the plant open, but should the worst happen, it is good to know they are on the same page as us when it comes to securing the best future possible for each individual worker."
Wolverhampton North East MP Emma Reynolds added: "I am continuing to urge Goodyear to reverse their decision to propose closure of the factory in Wolverhampton.
"I am pleased that the company recently agreed to my request and that of Unite to commission an independent review of their business case.
"If however the company goes ahead with their proposals for closure, the taskforce will work tirelessly to ensure all Goodyear's employees affected would have all possible support to move on to alternative employment."
- released: Thursday 3 September, 2015