
The company that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm associated with Alexandre Darracq, with Italian language investors. In late 1909, the Italian Darracq cars were selling slowly plus the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 06 1910, a new business was founded named A. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car produced by the company was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini plus Ronzoni competing in the 1911 Targa Florio along with two 24-hp models. Within August 1915, the company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian and Allied war initiatives. In 1920, the title of the company has been converted to Alfa Romeo with the Torpedo 20–30 HP the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the E. Nicola Romeo and Company, went broke and the particular government needed to support the industrial companies included, among that was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and 1928, Nicola Romeo still left. In 1933, the state ownership was reorganized under the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn got effective control. The organization fought to return to success after the Second Globe War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Cam engine, which would remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced numerous sporty cars, but fought to make a profit, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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