The organization 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 associated with the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new organization was founded named A. L. F. A., at first still in partnership with Darracq. The first non-Darracq car made by the business was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. ventured into motor racing, with drivers Franchini plus Ronzoni competing in the 1911 Targa Florio with two 24-hp models. In August 1915, the company came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian and Allied war initiatives. In 1920, the name of the company was converted to Alfa Romeo 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 Ing. Nicola Romeo as well as Company, went broke and the government needed to support the industrial companies involved, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and 1928, Nicola Romeo still 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 then got effective control. The business fought to return to profitability 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 Alfa Romeo Twin Camera engine, which would remain within production until 1994. During the 1960s and 1970s, Alfa Romeo produced a number of sporty cars, but battled to make a income, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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