I’m not so sure what to make of this. Ford, Nissan and Tesla Motors are rumored to be in line for government loans in order to develop “green” technology.

Dozens of auto companies, suppliers and battery makers have sought a total of $38 billion from the loan program. Ford has asked to receive $5 billion in loans by 2011, but it was unclear how much money the automaker would receive. Nissan has applied for an undisclosed amount of assistance, while Tesla has sought $450 million.

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The loans were designed to help the auto manufacturers meet new fuel-efficiency standards of at least 35 miles per gallon by 2020, a 40 percent increase over current standards.

While they are not “bail out” loans I still feel a bit odd about this, especially since Ford had been pushing the whole “we don’t need loans” concept since last fall. It’s the “little engine that could” feeling. I want them to make it and even though this loan isn’t a bail out, per se, the fact they went to the bar for a drink is a wee bit disappointing to me.