The organization 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 vehicles were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new business was founded named A. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car created by the company was the 1910 twenty-four 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. In 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 attempts. In 1920, the name of the company had been converted to Alfa Romeo with the Torpedo 20–30 HEWLETT PACKARD 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 government needed to assistance the business companies included, among that was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from the Romeo company, and in 1928, Nicola Romeo still left. In 1933, the state ownership was reorganized under the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then got effective control. The organization struggled to return to success after the Second Globe War, and turned in order to mass-producing small vehicles as opposed to hand-building luxury models. Within 1954, it developed the particular Alfa Romeo Twin Camera engine, which would remain in production until 1994. During the 1960s and 1972s, Alfa Romeo produced numerous sporty cars, but struggled to make a revenue, 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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