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 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 June 1910, a new company was founded named A. L. F. A., initially still in partnership with Darracq. The first non-Darracq car created by the organization was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini plus Ronzoni competing in the 1911 Targa Florio along with two 24-hp models. In August 1915, the company came under the path 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 was changed to Alfa Romeo with the Torpedo 20–30 HP the first car in order to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo & Company, went broke and the government needed to support the industrial companies included, among which was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated through the Romeo company, and 1928, Nicola Romeo left. 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 had effective control. The company struggled to return to success after the Second Planet War, and turned in order to mass-producing small vehicles instead of hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Camera engine, which may remain in production until 1994. During the 1960s and 1970s, Alfa Romeo produced several sporty cars, but struggled to make a revenue, 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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