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 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 06 1910, a new business was founded named The. L. F. A., in the beginning still in partnership along with Darracq. The first non-Darracq car produced by the business was the 1910 24 HP, designed by Merosi. A. L. F. A. 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 business came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian and Allied war efforts. In 1920, the title of the company was converted to Alfa Romeo along with the Torpedo 20–30 HEWLETT PACKARD the first car 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 assistance the commercial companies involved, among that 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 in turn got effective control. The company fought to return to profitability 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 Cam engine, which may remain within production until 1994. During the 1960s and 1970s, Alfa Romeo produced numerous sporty cars, but battled to make a income, 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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