Alfa Romeo Automobiles S.p.A. is an Italian automaker founded on June 24, 1910 in Milan. Alfa Romeo has been a part of the Fiat Group since 1986, and since February 2007 a part of Fiat Group Automobiles S.p.A. The company was owned by Italian state holding company Istituto per la Ricostruzione Industriale between the end of 1932 to 1986. The
company was originally known as A.L.F.A., which is an acronym for Anonima Lombarda Fabbrica Automobili (English: Lombard Automobile Factory, Public Company). The company that became Alfa Romeo was founded as Società Anonima Italiana Darracq (SAID) in 1906 by the French automobile firm of Alexandre Darracq, with some Italian investors. One of them, Cavaliere Ugo Stella, an aristocrat from Milan, became chairman of the SAID in 1909. The firm's initial location was in Naples, but even before the construction of the planned factory had started, Darracq decided late 1906 that Milan would be a more suitable location and accordingly a tract of land was acquired in the Milan suburb of Portello, where a new factory of 6,700 square metres (8,000 sq yd) was erected. Late 1909, the Italian Darracq cars were selling slowly and Stella, with the other Italian