
The organization 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 vehicles were selling slowly plus the Italian partners associated with the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new business was founded named The. L. F. A., at first still in partnership along with Darracq. The first non-Darracq car created by the company was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini plus Ronzoni competing in the particular 1911 Targa Florio with two 24-hp models. In August 1915, the company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce army hardware for the Italian and Allied war efforts. In 1920, the name of the company has been changed to Alfa Romeo with the Torpedo 20–30 HP the first car to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo as well as Co, went broke and the particular government needed to assistance the business companies involved, among that was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from the Romeo company, and 1928, Nicola Romeo remaining. In 1933, the state ownership was reorganized below the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then had effective control. The business battled to return to success after the Second World War, and turned in order to mass-producing small vehicles rather than hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Camera engine, which may remain within production until 1994. During the 1960s and 1972s, Alfa Romeo produced several sporty cars, but fought to make a income, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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