
The company that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm of Alexandre Darracq, with Italian language investors. In late 1909, the Italian Darracq vehicles were selling slowly plus the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 June 1910, a new company was founded named The. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car produced by the business was the 1910 24 HP, designed by Merosi. A. L. F. The. ventured into motor race, with drivers Franchini and Ronzoni competing in the 1911 Targa Florio with two 24-hp models. In August 1915, the company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian language and Allied war efforts. In 1920, the name of the company had been changed to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo & Co, went broke and the government needed to assistance the business companies included, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and in 1928, Nicola Romeo remaining. In 1933, the state ownership was reorganized under the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then had effective control. The organization battled to return to success after the Second Globe War, and turned in order to mass-producing small vehicles rather than hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Camera engine, which would remain in production until 1994. Throughout the 1960s and 1970s, Alfa Romeo produced numerous sporty cars, but battled to make a revenue, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group in 1986.
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