The business that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm associated with Alexandre Darracq, with Italian investors. In late 1909, the Italian Darracq cars were selling slowly plus the Italian partners of the company hired Giuseppe Merosi to design brand new cars. On 24 June 1910, a new company was founded named The. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car created by the organization was the 1910 twenty-four HP, designed by Merosi. A. L. F. The. ventured into motor race, with drivers Franchini plus Ronzoni competing in the particular 1911 Targa Florio along with two 24-hp models. In August 1915, the organization came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian and Allied war attempts. In 1920, the title of the company was converted to Alfa Romeo along with the Torpedo 20–30 HEWLETT PACKARD the first car to be so badged.
In 1921, the particular Banca Italiana di Sconto, which backed the Ing. Nicola Romeo & Company, went broke and the particular government needed to support the professional companies included, among that was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated through the Romeo company, and in 1928, Nicola Romeo remaining. In 1933, the condition 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 battled to return to success after the Second Planet War, and turned to mass-producing small vehicles rather than hand-building luxury models. In 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 battled to make a profit, so Istituto per una Reconstruzione (IRI), the condition conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group in 1986.
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