The business 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 associated with the company hired Giuseppe Merosi to design new cars. On 24 06 1910, a new company was founded named The. L. F. A., at first still in partnership along with Darracq. The first non-Darracq car made by the organization was the 1910 twenty-four HP, designed by Merosi. A. L. F. The. ventured into motor race, with drivers Franchini plus Ronzoni competing in the particular 1911 Targa Florio along 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 and Allied war initiatives. In 1920, the title of the company was 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 Ing. Nicola Romeo as well as 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 through the Romeo company, and in 1928, Nicola Romeo 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 in turn got effective control. The organization fought to return to profitability after the Second Globe War, and turned to mass-producing small vehicles instead of hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Camera engine, which would remain within production until 1994. During the 1960s and 1970s, Alfa Romeo produced a number of sporty cars, but fought to make a profit, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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