Today, Rep. Tim Ryan announced the federal award of $1,499,771 for Akron’s Goodyear Tire & Rubber Company.  “Right here in Ohio, manufacturers like Goodyear Tire & Rubber are helping to develop the next generation of energy efficient products,” said Rep. Ryan. “Federal investment in these projects makes sense because they create jobs, reduce our consumption of foreign oil, and help create a better environment for our children. This funding also helps fuel the innovation that is driving Northeast Ohio’s economic renaissance and propelled Akron into the top 10 cities for employment opportunities.” The Department of Energy award is intended for Goodyear to develop and demonstrate an in-tire system for automatically maintaining a set pressure in a commercial truck tire. The grant will be administered by the National Energy Technology Laboratory and work will be conducted at Goodyear’s Innovation Center in Akron. This investment is part of an effort to raise fuel efficiency standards to 54.5 miles per gallon by 2025 for cars and light trucks. Initial estimates indicate American families could save up to $1.7 trillion at the pump under these new standards. Studies show that in passenger or commercial trucks, under-inflated tires result in between a 2.5 percent and 3.3 percent decrease in fuel mileage. At current fuel prices, the cost of this decreased fuel efficiency is approximately 12 cents per gallon.

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