The business that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm of 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 brand new cars. On 24 June 1910, a new business was founded named The. L. F. A., initially still in partnership with Darracq. The first non-Darracq car made by the business was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini and Ronzoni competing in the 1911 Targa Florio with two 24-hp models. Within August 1915, the business came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian language and Allied war attempts. In 1920, the name of the company had been converted to Alfa Romeo with the Torpedo 20–30 HEWLETT PACKARD the first car to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo & Co, went broke and the government needed to assistance the commercial companies included, 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 in 1928, Nicola Romeo still left. 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 organization battled to return to profitability after the Second Planet War, and turned in order to mass-producing small vehicles rather than hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which may remain within production until 1994. During the 1960s and 1972s, Alfa Romeo produced a number of sporty cars, but fought to make a revenue, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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