The organization 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 investors. In late 1909, the Italian Darracq cars were selling slowly plus 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 business was the 1910 twenty-four HP, designed by Merosi. A. L. F. The. ventured into motor racing, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio with two 24-hp models. Within August 1915, the organization 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 was changed to Alfa Romeo along with the Torpedo 20–30 HEWLETT PACKARD the first car in order to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo & Co, went broke and the particular government needed to assistance the commercial companies included, among that 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 company battled to return to profitability after the Second World War, and turned in order to mass-producing small vehicles instead of hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Camera engine, which may remain in production until 1994. Throughout the 1960s and 1970s, Alfa Romeo produced numerous sporty cars, but fought to make a income, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group within 1986.
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