The company that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the 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 organization was founded named The. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car made by the organization was the 1910 twenty-four HP, designed by Merosi. A. L. F. The. ventured into motor race, with drivers Franchini plus 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 particular factory to produce military hardware for the Italian and Allied war efforts. In 1920, the name of the company has been changed 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 & Company, went broke and the particular government needed to support the commercial companies included, 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 1928, Nicola Romeo left. In 1933, the condition 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 instead of 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 1970s, Alfa Romeo produced several sporty cars, but struggled to make a profit, 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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