The business 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 language 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 company was founded named A. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car produced by the organization was the 1910 24 HP, designed by Merosi. A. L. F. The. ventured into motor race, with drivers Franchini and Ronzoni competing in the 1911 Targa Florio along with two 24-hp models. Within August 1915, the business came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian and Allied war initiatives. In 1920, the name of the company has been changed to Alfa Romeo along with the Torpedo 20–30 HEWLETT PACKARD the first car to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo and Company, went broke and the particular government needed to assistance the commercial companies involved, among which 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 still left. In 1933, the state ownership was reorganized under the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn had effective control. The company battled to return to success after the Second Globe War, and turned to mass-producing small vehicles rather than 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 1970s, Alfa Romeo produced several sporty cars, but battled to make a revenue, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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