The organization 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 cars were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 June 1910, a new company was founded named A. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car produced 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. In August 1915, the organization came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce military hardware for the Italian language and Allied war initiatives. In 1920, the title of the company has been changed to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER the first car in order to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo and Company, went broke and the government needed to assistance 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 from the Romeo company, and in 1928, Nicola Romeo 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 then got effective control. The organization fought to return to success after the Second Globe War, and turned to mass-producing small vehicles instead of hand-building luxury models. Within 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 battled to make a revenue, so Istituto per la Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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