The company 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 vehicles were selling slowly plus the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 June 1910, a new business was founded named The. L. F. A., at first 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. A. ventured into motor racing, with drivers Franchini and Ronzoni competing in the 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 particular factory to produce army 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 HP the first car to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the Ing. Nicola Romeo and Co, went broke and the government needed to assistance the professional companies included, 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 1928, Nicola Romeo still 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 had effective control. The business battled to return to success after the Second Planet War, and turned in order to mass-producing small vehicles as opposed to hand-building luxury models. Within 1954, it developed the particular Alfa Romeo Twin Cam engine, which would remain within production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced several sporty cars, but fought to make a profit, so Istituto per la Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
Concept Flashback 1968 Alfa Romeo Carabo by Bertone
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