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