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 of the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new business was founded named A. L. F. A., primarily still in partnership along 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 racing, 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 language and Allied war attempts. In 1920, the title of the company was converted to Alfa Romeo along 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 as well as Company, went broke and the particular government needed to assistance the industrial companies included, among that was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated from the Romeo company, and in 1928, Nicola Romeo remaining. In 1933, the condition ownership was reorganized below the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn had effective control. The business fought to return to success after the Second World War, and turned to mass-producing small vehicles rather than hand-building luxury models. Within 1954, it developed the Alfa Romeo Twin Camera engine, which would remain within production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced several sporty cars, but fought to make a income, 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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