Essays come and go in a class. However, this should not prevent students from tapping their hidden writing abilities to produce well-written manuscripts. Students only need to find their niche from the myriad of topics they can explore.

If students are well informed and follow the current events diligently, one topic that will make a great impression on them is the concerted effort of the top three automakers in the US to seek a $25-billion bailout from the federal government. Students can write essays about General Motors, Chrysler LLC and Ford that dwell on the factors contributing to the near collapse of one of the most important industries of the United States.

For the auto industry, students can limit their essays on the following:

Global Financial Crisis

Top executives of the three auto companies pointed to the global financial meltdown as the main culprit for their problems. With people seeing their access to credit being largely limited, a shift on spending habits complicates matters for the consumer-oriented US industries. Less credit means less money for non-essentials, including upgrades to the latest car models.

Outside North America, automakers are seeing less demand for their products. This is because the financial chasm hampering the auto market has also reverberated into other world economies. Thus, a drop in auto shipments and related products is inevitable.

Competitiveness

Traditional competitors in the industry are another major source of worry. These include Japanese carmakers, such as Toyota, Honda, Nissan, Suzuki, Mazda and Mitsubishi Motors. Asian giants China and India also heighten competition with their homegrown products.

In their essays, students can also devote a topic on the competitive edge of European vehicles. Fuel efficiencies serve as the focal point of comparison as US vehicles are known to consume more gas while their European counterparts continue to evolve to meet tough emission standards set by the European Commission.

Job Impact

Ford, Chrysler and General Motors warn the public of the consequences if their companies go bankrupt. Hundreds of thousands of jobs are at stake. Writers can cite statistics to present a clear overview on how a massive job reduction would affect a US economy already reeling from a slowdown brought on by a weak housing sector.

In concluding their essays, students can present a comprehensive analysis on how the once mighty Big 3 succumbs to bankruptcy.