
The organization that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the particular French automobile firm associated with 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 June 1910, a new company was founded named The. L. F. A., in the beginning still in partnership with Darracq. The first non-Darracq car produced by the organization was the 1910 twenty-four HP, designed by Merosi. A. L. F. A. 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 business came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the particular factory to produce army hardware for the Italian language and Allied war efforts. In 1920, the title 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 E. Nicola Romeo as well as Company, went broke and the government needed to support the commercial companies involved, among that was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated through the Romeo company, and in 1928, Nicola Romeo remaining. In 1933, the condition ownership was reorganized below the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then experienced effective control. The business battled to return to profitability after the Second World War, and turned in order to mass-producing small vehicles rather than hand-building luxury models. Within 1954, it developed the particular Alfa Romeo Twin Cam engine, which would remain in production until 1994. During the 1960s and 1972s, Alfa Romeo produced a number of 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 within 1986.
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