
The organization that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the particular French automobile firm associated with Alexandre Darracq, with Italian language investors. In late 1909, the Italian Darracq vehicles were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 06 1910, a new organization was founded named A. L. F. A., primarily still in partnership along with Darracq. The first non-Darracq car made by the company was the 1910 24 HP, designed by Merosi. A. L. F. The. ventured into motor racing, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio with two 24-hp models. Within August 1915, the company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian language and Allied war attempts. In 1920, the name of the company has been changed to Alfa Romeo with the Torpedo 20–30 HEWLETT PACKARD the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the E. Nicola Romeo & Co, went broke and the government needed to support the industrial companies involved, 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 in 1928, Nicola Romeo left. In 1933, the state ownership was reorganized below the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn got effective control. The company struggled to return to success after the Second World War, and turned to mass-producing small vehicles instead of hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which may remain within production until 1994. During the 1960s and 1972s, Alfa Romeo produced numerous sporty cars, but struggled to make a revenue, so Istituto per la Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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