The business that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm associated with Alexandre Darracq, with Italian investors. In late 1909, the Italian Darracq vehicles were selling slowly and the Italian partners associated with the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new business was founded named The. L. F. A., initially still in partnership with Darracq. The first non-Darracq car made by the business was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. ventured into motor racing, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio with two 24-hp models. Within August 1915, the organization came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian language and Allied war initiatives. In 1920, the title of the company was changed to Alfa Romeo with the Torpedo 20–30 HP the first car in order to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the E. Nicola Romeo & Co, went broke and the government needed to support the commercial companies included, among which was Alfa Romeo, through the "Consorzio per 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 particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn got effective control. The organization battled to return to success after the Second Planet War, and turned in order to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Cam engine, which may remain in production until 1994. During the 1960s and 1970s, Alfa Romeo produced a number of sporty cars, but fought to make a profit, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group within 1986.
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