Alfa Romeo Automobiles S.p.A. is an Italian premium car manufacturer. 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, as it was founded by anonymous investors. In the initial set-up phase, in order to have a building to produce cars, the company bought the factory building of Darraq french company in Milan, which was closing up and selling all assets because it was going to fail.The brand is known for sporty vehicles and has been involved in car racing since 1911.