
The business 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 investors. In late 1909, the Italian Darracq cars were selling slowly and the Italian partners of the company hired Giuseppe Merosi to design new cars. On 24 June 1910, a new organization was founded named A. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car created by the company 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 along with two 24-hp models. Within August 1915, the company 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 initiatives. In 1920, the title of the company had been converted 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 Ing. Nicola Romeo & Company, went broke and the particular government needed to assistance the business 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 1928, Nicola Romeo remaining. In 1933, the state ownership was reorganized below the banner of the Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which then had effective control. The company struggled to return to success after the Second Globe War, and turned to mass-producing small vehicles as opposed to hand-building luxury models. In 1954, it developed the particular Alfa Romeo Twin Camera engine, which may remain within production until 1994. During the 1960s and 1970s, Alfa Romeo produced a number of sporty cars, but struggled 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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