
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 language investors. In late 1909, the Italian Darracq cars were selling slowly and the Italian partners associated with the company hired Giuseppe Merosi to design new cars. On 24 06 1910, a new organization was founded named The. L. F. A., initially still in partnership along with Darracq. The first non-Darracq car created by the business was the 1910 24 HP, designed by Merosi. A. L. F. The. ventured into motor race, with drivers Franchini and Ronzoni competing in the particular 1911 Targa Florio with two 24-hp models. In August 1915, the business came under the path of Neapolitan entrepreneur Nicola Romeo, who converted the factory to produce military hardware for the Italian language and Allied war initiatives. 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 Ing. Nicola Romeo as well as Company, went broke and the particular government needed to assistance the industrial companies involved, among which was Alfa Romeo, through the "Consorzio for each Sovvenzioni sui Valori Industriali". In 1925, the train activities were separated from the Romeo company, and in 1928, Nicola Romeo left. In 1933, the state ownership was reorganized below the banner of the particular Istituto per la Ricostruzione Industriale (IRI) by Benito Mussolini's government, which in turn had effective control. The business battled to return to success after the Second World 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 numerous sporty cars, but battled to make a revenue, 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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