The business 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 cars were selling slowly and the Italian partners associated with the company hired Giuseppe Merosi to design 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 organization was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor racing, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio along with two 24-hp models. Within August 1915, the business came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce military hardware for the Italian and Allied war efforts. In 1920, the name of the company was converted to Alfa Romeo 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 & Co, went broke and the particular government needed to assistance the commercial companies involved, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from the Romeo company, and in 1928, Nicola Romeo still left. In 1933, the state ownership was reorganized below the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then experienced effective control. The company fought 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 Alfa Romeo Twin Cam engine, which may remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced a number of sporty cars, but battled to make a income, so Istituto per la Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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