
The business that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the particular 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 brand new cars. On 24 June 1910, a new organization was founded named The. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car created by the company was the 1910 24 HP, designed by Merosi. A. L. F. The. 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 organization 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 attempts. In 1920, the title of the company was converted to Alfa Romeo with the Torpedo 20–30 HORSEPOWER the first car to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo as well as Company, went broke and the particular government needed to assistance the business companies involved, 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 1928, Nicola Romeo left. In 1933, the condition ownership was reorganized under the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn experienced effective control. The business struggled to return to profitability after the Second Planet War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which would remain within production until 1994. Throughout the 1960s and 1970s, Alfa Romeo produced a number of sporty cars, but fought to make a revenue, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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