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 of the company hired Giuseppe Merosi to design brand new cars. On 24 06 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 twenty-four HP, designed by Merosi. A. L. F. The. ventured into motor racing, with drivers Franchini plus Ronzoni competing in the 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 particular factory to produce army hardware for the Italian language and Allied war initiatives. In 1920, the name of the company has been converted to Alfa Romeo with the Torpedo 20–30 HORSEPOWER the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo and Company, went broke and the government needed to assistance the business companies involved, among that 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 condition ownership was reorganized below the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then got effective control. The business struggled to return to success after the Second Globe War, and turned in order to mass-producing small vehicles instead of hand-building luxury models. Within 1954, it developed the particular Alfa Romeo Twin Cam engine, which may remain in production until 1994. During the 1960s and 1970s, Alfa Romeo produced several sporty cars, but fought to make a revenue, so Istituto per la Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group within 1986.
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