
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 of the company hired Giuseppe Merosi to design new cars. On 24 06 1910, a new company was founded named The. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car created by the organization was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini and Ronzoni competing in the 1911 Targa Florio with two 24-hp models. Within August 1915, the organization came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce military hardware for the Italian language and Allied war efforts. In 1920, the title of the company was changed to Alfa Romeo along 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 Ing. Nicola Romeo as well as Co, went broke and the government needed to support the commercial companies included, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from the Romeo company, and in 1928, Nicola Romeo still left. 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 in turn experienced effective control. The company fought to return to profitability after the Second Globe War, and turned in order to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Cam engine, which may remain in production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced numerous sporty cars, but struggled to make a revenue, so Istituto per la Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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