Volvo and Renault almost combined back in 1993, but management and stockholders at the Swedish automaker were against the merger. Fast forward to 2009, and Volvo is coming off a $1.5 billion loss for 2008, and Ford is draining cash by the bucket. Renault could find a bargain-basement Volvo as a nice fit, considering that it just recently canceled plans to produce a new large car. Volvo's Ford-based large car lineup could slot nicely in Renault's offerings, saving big Euros on development. Some are speculating that Renault, which owns 44% of Nissan, would have Volvo all to itself, though we're sure some sharing between the three automakers is bound to happen if the deal goes down.