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 and 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., in the beginning still in partnership along with Darracq. The first non-Darracq car produced by the business was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini plus Ronzoni competing in the 1911 Targa Florio with two 24-hp models. In August 1915, the company came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian and Allied war initiatives. In 1920, the title of the company had been changed to Alfa Romeo along with the Torpedo 20–30 HORSEPOWER the first car in order to be so badged.
In 1921, the Banca Italiana di Sconto, which backed the E. Nicola Romeo & Co, went broke and the particular government needed to support the professional companies involved, among that was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated through the Romeo company, and 1928, Nicola Romeo remaining. In 1933, the state ownership was reorganized under the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then got effective control. The business struggled to return to profitability after the Second Globe War, and turned in order to mass-producing small vehicles instead of hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Cam engine, which would remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced a number of 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.
Alfa Romeo TZ3 Stradale
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