Alliances are critical for a changing auto industry and too important to be undermined by cultural issues that can be addressed.

Automotive alliances and joint ventures are nothing new. Historically, these combinations focused on large, project-based programs to create specific vehicles or components, or to enter a new geography.

But today's auto alliances are all about innovation. As companies vault into the next era of the industry, they're developing technology-driven products, including a new generation of electric-powered cars and trucks. So, today's alliances are cross-industry, involving semiconductor and software makers, and Silicon Valley start-ups.

For more information, download the full report below.