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 associated with the company hired Giuseppe Merosi to design brand new cars. On 24 06 1910, a new company was founded named The. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car created 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 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 particular factory to produce military hardware for the Italian language and Allied war initiatives. 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 E. Nicola Romeo and Co, went broke and the government needed to assistance the industrial companies involved, 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 remaining. 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 then experienced effective control. The business battled to return to success after the Second Globe War, and turned to mass-producing small vehicles rather than hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Cam engine, which would remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced several sporty cars, but battled to make a profit, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group in 1986.
Concept Flashback 1968 Alfa Romeo Carabo by Bertone
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