The business that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the particular French automobile firm of Alexandre Darracq, with Italian investors. In late 1909, the Italian Darracq cars were selling slowly plus the Italian partners associated with the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new company was founded named The. L. F. A., initially still in partnership with Darracq. The first non-Darracq car created by the business was the 1910 twenty-four HP, designed by Merosi. A. L. F. The. ventured into motor racing, with drivers Franchini plus Ronzoni competing in the particular 1911 Targa Florio along with two 24-hp models. Within August 1915, the company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian and Allied war attempts. In 1920, the title of the company was changed to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER the first car to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the Ing. Nicola Romeo and Company, went broke and the particular government needed to assistance the business companies included, among that was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated from the Romeo company, and in 1928, Nicola Romeo left. In 1933, the condition ownership was reorganized under the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn experienced effective control. The business fought to return to success after the Second Globe War, and turned to mass-producing small vehicles rather than hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Cam engine, which would remain in production until 1994. Throughout the 1960s and 1970s, Alfa Romeo produced numerous sporty cars, but battled to make a profit, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group in 1986.
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