The organization 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 language investors. In late 1909, the Italian Darracq vehicles were selling slowly and the Italian partners associated with the company hired Giuseppe Merosi to design new cars. On 24 06 1910, a new company was founded named A. L. F. A., primarily 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 1911 Targa Florio along with two 24-hp models. Within August 1915, the organization came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce army hardware for the Italian and Allied war attempts. In 1920, the title of the company had been converted to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER 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 particular government needed to assistance the commercial companies involved, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and in 1928, Nicola Romeo remaining. In 1933, the condition ownership was reorganized below the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then got effective control. The business struggled to return to success after the Second Planet War, and turned in order to mass-producing small vehicles rather than hand-building luxury models. Within 1954, it developed the particular 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 profit, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group in 1986.
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