The company that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the particular French automobile firm associated with Alexandre Darracq, with Italian investors. In late 1909, the Italian Darracq vehicles were selling slowly and the Italian partners of 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 with Darracq. The first non-Darracq car made by the business was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. 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 particular factory to produce army hardware for the Italian language and Allied war efforts. In 1920, the title of the company has been changed to Alfa Romeo with the Torpedo 20–30 HORSEPOWER the first car in order to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo & Co, went broke and the government needed to assistance the commercial companies involved, among which was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated from 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 got effective control. The business struggled to return to profitability after the Second Globe War, and turned in order to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Camera engine, which would remain within production until 1994. During the 1960s and 1972s, Alfa Romeo produced numerous 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.
Alfa Romeo TZ3 Wikipedia

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