
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 cars were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 06 1910, a new company was founded named A. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car created by the business was the 1910 24 HP, designed by Merosi. A. L. F. The. ventured into motor racing, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio along with two 24-hp models. In August 1915, the company came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian and Allied war efforts. In 1920, the name of the company was changed to Alfa Romeo with the Torpedo 20–30 HEWLETT PACKARD the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo and Co, went broke and the government needed to support the commercial companies involved, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated from the Romeo company, and 1928, Nicola Romeo remaining. In 1933, the condition 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 organization battled to return to profitability 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 Camera engine, which may remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced numerous sporty cars, but battled to make a income, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group within 1986.
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