
The company 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 and the Italian partners associated with the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new organization was founded named The. L. F. A., in the beginning 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. The. 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 company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce military hardware for the Italian and Allied war initiatives. In 1920, the title of the company had been changed to Alfa Romeo with the Torpedo 20–30 HP the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo & Company, went broke and the particular government needed to support the business companies involved, among that was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated through the Romeo company, and in 1928, Nicola Romeo still 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 company battled to return to success after the Second World War, and turned in order to mass-producing small vehicles as opposed to hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Camera engine, which would remain in production until 1994. During the 1960s and 1972s, Alfa Romeo produced several sporty cars, but battled to make a income, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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