
The organization 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 language investors. In late 1909, the Italian Darracq vehicles were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new company was founded named A. L. F. A., initially still in partnership with Darracq. The first non-Darracq car made by the business was the 1910 24 HP, designed by Merosi. A. L. F. A. ventured into motor race, with drivers Franchini plus Ronzoni competing in the particular 1911 Targa Florio along with two 24-hp models. Within August 1915, the business came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce army hardware for the Italian language and Allied war efforts. In 1920, the name of the company has been changed to Alfa Romeo along with the Torpedo 20–30 HP 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 particular government needed to assistance the industrial companies included, among which was Alfa Romeo, through the "Consorzio per Sovvenzioni sui Valori Industriali". In 1925, the railway activities were separated from the Romeo company, and 1928, Nicola Romeo remaining. 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 had effective control. The business fought to return to success after the Second Planet War, and turned in order to mass-producing small vehicles rather than hand-building luxury models. In 1954, it developed the Alfa Romeo Twin Cam engine, which would remain in production until 1994. During the 1960s and 1970s, Alfa Romeo produced numerous sporty cars, but battled to make a revenue, so Istituto per una Reconstruzione (IRI), the state conglomerate that controls Finmeccanica sold the marque in order to the Fiat Group within 1986.
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