
The company 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 vehicles were selling slowly plus the Italian partners associated with the company hired Giuseppe Merosi to design brand new cars. On 24 June 1910, a new company was founded named The. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car produced by the business was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio along with two 24-hp models. In August 1915, the organization came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian and Allied war initiatives. In 1920, the name of the company was converted to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER the first car in order to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo as well as Co, went broke and the particular government needed to assistance the industrial companies included, among that was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated from the Romeo company, and 1928, Nicola Romeo 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 struggled to return to profitability after the Second Globe War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which would remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced several sporty cars, but fought 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 within 1986.
Alfa Romeo working on 5 Series rival report PerformanceDrive
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