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Alfa Romeo
Alfa Romeo Automobiles S.p.A. () is an Italian luxury car manufacturer and a subsidiary of Stellantis. The company was founded on 24 June 1910, in Milan, Italy. "Alfa" is an acronym of its founding name, "Anonima Lombarda Fabbrica Automobili." "Anonima" means "anonymous", which was a legal form of company at the time (Società anonima). In the initial set-up phase, in order to have a building to produce cars, the company bought the Alfa Romeo Portello Plant, Portello factory building of Automobiles Darracq France, Darracq in Milan, which was closing up and selling all its assets. The brand is known for sport-oriented vehicles and has been involved in car racing since 1911. Alfa Romeo was owned by Fiat Chrysler Automobiles, the company that was responsible for the production of Alfa Romeo cars until its operations were fully merged with those of the PSA Group to form Stellantis on 16 January 2021. The first car produced by the company was the 1910 ALFA 24 HP, 24 HP, designed by Giu ...
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Alfa Romeo Twin Cam Engine
The Alfa Romeo Twin Cam engine is an all-alloy inline-four engine series produced by Alfa Romeo from 1954 to 1994. In Italian it is known as the "bialbero" ("twin-shaft"), and has also been nicknamed the "Nord" (North) engine in reference to its being built in Arese, close to Milan, in the North of Italy and to distinguish it from the Alfa Romeo Boxer engine built in the South (Sud) for the Alfasud. History The Twin Cam's predecessor appeared in the 1950 Alfa Romeo 1900 and was an under-square inline four cylinder with a cast-iron block, an aluminium alloy crossflow cylinder head with double overhead cams and a 90° included angle between intake and exhaust valves. Development of that engine was overseen by Orazio Satta Puliga who would also helm development of its successor. The 1952 Disco Volante had a 2-litre DOHC four cylinder engine with an aluminium block and sleeves, but this seems to have been a custom version of the 1900 engine rather than a prototype of the forthcom ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest shareholder and owner of voting rights. At the time it was the world's eighth largest automobile maker. The group was established in October 2014 through the merger of Chrysler Group and Fiat S.p.A. Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London. The holding company was listed on the New York Stock Exchange and Milan's Borsa Italiana. Exor, an Italian investment group controlled by the Agnelli family, owned 29.19% of FCA and controlled 44.31% through a loyalty voting mechanism.FCA_2014_Annual_Report.pdfFCA Annual_Report at 31 December 2014 Retrieved 4 March 2016. FCA's mass-market brands operated through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) with he ...
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Touring Car Racing
Touring car racing is a motorsport road racing competition with heavily modified road-going cars. It has both similarities to and significant differences from stock car racing, which is popular in the United States. While the cars do not move as fast as those in Formula racing, formula or sports car racing, sports car races, their similarity both to one another and to fans' own vehicles makes for entertaining, well-supported racing. The lesser use of aerodynamics means following cars have a much easier time passing than in open-wheel racing, and the more substantial bodies of the cars makes the subtle bumping and nudging for overtaking much more acceptable as part of racing. As well as short "sprint" races, many touring car series include one or more Endurance racing (motorsport), endurance races, which last anything from 3 to 24 hours and are a test of reliability and pit crews as much as car, driver speed, and consistency. Characteristics of a touring car Touring car racin ...
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Sportscar Racing
Sports car racing is a form of motorsport road racing which utilises sports cars that have two seats and enclosed wheels. They may be purpose-built prototypes or grand tourers based on road-going models. Broadly speaking, sports car racing is one of the main types of circuit auto racing, alongside open-wheel single-seater racing (such as Formula One), touring car racing (such as the British Touring Car Championship, which is based on 'saloon cars' as opposed to the 'exotics' seen in sports cars) and stock car racing (such as NASCAR). Sports car races are often, though not always, endurance races that are run over relatively large distances, and there is usually a larger emphasis placed on the reliability and efficiency of the car as opposed to outright speed of the driver. The FIA World Endurance Championship is an example of a sports car racing series. A type of hybrid between the purism of open-wheelers and the familiarity of touring car racing, this style is often associate ...
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Formula One
Formula One (also known as Formula 1 or F1) is the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The World Drivers' Championship, which became the FIA Formula One World Championship in 1981, has been one of the premier forms of racing around the world since its inaugural season in 1950. The word ''formula'' in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as ''Grands Prix'', which take place worldwide on both purpose-built circuits and closed public roads. A points system is used at Grands Prix to determine two annual World Championships: one for drivers, the other for constructors. Each driver must hold a valid Super Licence, the highest class of racing licence issued by the FIA. The races must run on tracks graded "1" (formerly "A"), the highest grade-rating issued ...
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Grand Prix Motor Racing
Grand Prix motor racing, a form of motorsport competition, has its roots in organised automobile racing that began in France as early as 1894. It quickly evolved from simple road races from one town to the next, to endurance tests for car and driver. Innovation and the drive of competition soon saw speeds exceeding , but because early races took place on open roads, accidents occurred frequently, resulting in deaths both of drivers and of spectators. A common abbreviation used for Grand Prix racing is "GP" or "GP racing". Grand Prix motor racing eventually evolved into formula racing, and one can regard Formula One as its direct descendant. Each event of the Formula One World Championships is still called a ''Grand Prix''; Formula One is also referred to as "Grand Prix racing". Some IndyCar championship races are also called "Grands Prix". Origins of organized racing Motor racing was started in France, as a direct result of the enthusiasm with which the French public e ...
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Istituto Per La Ricostruzione Industriale
The Istituto per la Ricostruzione Industriale (IRI; English: "Institute for Industrial Reconstruction") was an Italian public holding company established in 1933 by the Fascist regime to rescue, restructure and finance banks and private companies that went bankrupt during the Great Depression. After the Second World War, IRI played a pivotal role in the Italian economic miracle of the 1950s and 1960s. It was dissolved in 2002. History In 1930, the Great Depression affected the Italian financial sector, seriously disrupting credit lines and making it difficult for companies to obtain loans. The Fascist regime led by Benito Mussolini, fearing a credit crunch with subsequent mass dismissals and a wave of social unrest, started to take over the banks' stakes in large industrial companies (such as steel, weapons and chemicals). At the same time, Mussolini tried to inject capital into failing businesses (Though restructured later). Although initially conceived as a temporary measure, IRI ...
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Banca Italiana Di Sconto
The Banca Italiana di Sconto (BIS) was a leading Italian bank that went bust in 1921. One firm hit by its collapse was the giant film production conglomerate Unione Cinematografica Italiana The Unione Cinematografica Italiana (UCI) was an Italian film production and distribution consortium of the silent era. Following the end of the First World War, a group of eleven leading Italian companies joined forces in a single conglomerate ... (UCI), which itself folded a few years later. Another victim was (BAO) whose formation in 1917 BIS had promoted. BAO failed in 1923. References Bibliography * * Toninelli, Pierangelo Maria. ''The Rise and Fall of State-Owned Enterprise in the Western World''. Cambridge University Press, 2000. Defunct banks of Italy Banks with year of establishment missing Banks disestablished in 1921 1921 disestablishments in Italy {{Italy-bank-stub ...
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Alfa Romeo 20/30 HP
ALFA or later Alfa Romeo has made three cars named as 20/30 HP, first one 1910 4-cylinder 4-6-seater tourer, improved version 20/30 HP E in 1914 and 1921 the 20/30 HP ES Sport, a 4-seater sportscar. The Alfa 20/30 HP The Alfa Romeo "Torpedo" 20/30 HP was the first car under the ALFA brand to formally carry the Alfa Romeo name. It was equipped with a 4250 cc sidevalve inline-four engine producing 67bhp. The car was intended for a launch amongst the upper classes of Italy, so the price was notably high- around three times that of the Ford Model T, a large sum of money when one considers the post-World War I economy. The ALFA 20/30 HP was almost identical to the 24 HP of 1910 and was often simply called the HP 24 Serie E. The 24 HP's engine was reused completely, save for a sidechain on the camshaft to reduce noise. The maximum power was increased to 49bhp at 2400rpm, and the top speed increased to . The vehicle was available in two body variants: A Berlina chassis and a torp ...
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Targa Florio
The Targa Florio was a public road endurance automobile race held in the mountains of Sicily near the island's capital of Palermo. Founded in 1906, it was the oldest sports car racing event, part of the World Sportscar Championship between 1955 and 1973. While the first races consisted of a whole tour of the island, the track length in the race's last decades was limited to the of the Circuito Piccolo delle Madonie, which was lapped 11 times. After 1973, it was a national sports car event until it was discontinued in 1977 due to safety concerns. It has since been run as Targa Florio Rally, a rallying event, and is part of the Italian Rally Championship. History The race was created in 1906 by the wealthy pioneer race driver and automobile enthusiast, Vincenzo Florio, who had started the Coppa Florio race in Brescia, Lombardy in 1900. The Targa also claimed to be a worldly event not to be missed. Renowned artists, such as Alexandre Charpentier and Leonardo Bistolfi, were c ...
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Motor Racing
Motorsport, motorsports or motor sport is a global term used to encompass the group of competitive sporting events which primarily involve the use of motorized vehicles. The terminology can also be used to describe forms of competition of two-wheeled motorised vehicles under the banner of motorcycle racing, and includes off-road racing such as motocross. Four- (or more) wheeled motorsport competition is globally governed by the Fédération Internationale de l'Automobile (FIA); and the Fédération Internationale de Motocyclisme (FIM) governs two-wheeled competition. Likewise, the Union Internationale Motonautique (UIM) governs powerboat racing while the Fédération Aéronautique Internationale (FAI) governs air sports, including aeroplane racing. All vehicles that participate in motorsports must adhere to the regulations that are set out by the respective global governing body. History In 1894, a French newspaper organised a race from Paris to Rouen and back, starting ...
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