The organization 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 plus the Italian partners of 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 along with Darracq. The first non-Darracq car created by the organization 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 business 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 converted to Alfa Romeo along 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 E. Nicola Romeo & Co, went broke and the particular government needed to support the business companies involved, among that 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 still left. 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 experienced effective control. The organization struggled to return to profitability after the Second World War, and turned to mass-producing small vehicles instead of hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which would remain in production until 1994. Throughout the 1960s and 1970s, Alfa Romeo produced a number of sporty cars, but battled to make a revenue, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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