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 cars were selling slowly plus the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 06 1910, a new company was founded named A. L. F. A., initially still in partnership with Darracq. The first non-Darracq car made by the organization was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini and Ronzoni competing in the 1911 Targa Florio along with two 24-hp models. In August 1915, the organization came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian and Allied war efforts. In 1920, the title of the company had been converted to Alfa Romeo along with the Torpedo 20–30 HEWLETT PACKARD the first car in order to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the E. Nicola Romeo and Co, went broke and the government needed to assistance the industrial companies involved, among which was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and 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 got effective control. The company battled to return to profitability after the Second Globe War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. Within 1954, it developed the particular Alfa Romeo Twin Cam engine, which may remain in production until 1994. During the 1960s and 1972s, Alfa Romeo produced a number of sporty cars, but struggled to make a income, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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