
The organization 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 plus the Italian partners associated with 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 produced by the organization 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 army hardware for the Italian language and Allied war initiatives. In 1920, the name of the company was changed to Alfa Romeo 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 business companies included, 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 in 1928, Nicola Romeo 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 had effective control. The organization fought to return to success after the Second World War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which would remain in production until 1994. Throughout the 1960s and 1970s, Alfa Romeo produced numerous sporty cars, but fought to make a revenue, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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