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The company 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 vehicles were selling slowly plus the Italian partners of the company hired Giuseppe Merosi to design brand 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 company 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 along with two 24-hp models. Within August 1915, the organization came under the direction of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian language and Allied war initiatives. In 1920, the name of the company has been changed to Alfa Romeo 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 as well as Co, went broke and the particular government needed to support the commercial companies involved, among that was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from 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 in turn got effective control. The business struggled to return to success 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 Alfa Romeo Twin Cam engine, which may remain within production until 1994. Throughout the 1960s and 1972s, Alfa Romeo produced several sporty cars, but struggled to make a revenue, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque to the Fiat Group in 1986.
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