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 cars were selling slowly plus 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., at first still in partnership along with Darracq. The first non-Darracq car created by the business was the 1910 24 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. Within August 1915, the organization came under the direction 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 had been converted to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER 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 particular government needed to assistance the business companies involved, among which was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from the Romeo company, and 1928, Nicola Romeo remaining. 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 had effective control. The company battled to return to profitability 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 particular Alfa Romeo Twin Camera engine, which would remain within production until 1994. During the 1960s and 1972s, Alfa Romeo produced a number of sporty cars, but fought to make a income, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group within 1986.
1 of 9 Alfa Romeo TZ3 Stradale by Zagato For Sale in U.S! GTspirit
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