Alfa was Romeo founded in 1910 under the acronym A.L.F.A. short for Anonima Lombarda Fabbrica Automobili (translated into English as "Lombard Automobile Factory, Public Company"). Alfa's first car was produced in 1910 as the 24 HP. In 1915 the company was purchased by Nicola Romeo and converted to produce military hardware for the Italian and Allied war efforts. The first car to be produced under the new name we all know today "Alfa Romeo" was the 1920 Torpedo 20-30 HP. The FIAT Group acquired Alfa Romeo in 1986 from the Italian government who owned and operated the company from 1921 to 1986 a time, which Alfa struggled to return to profitability. The first Alfa Romeo to be imported to the Unites States was the 1961 Giulietta Spider. The Alfa Romeo 164 was the last car to be imported into the U.S. before the company decided to cease all exporting to the United States. After many years speculations of when the Alfa would return to the U.S. Fiat CEO Sergio Marchionne confirmed 2015 would be the year that Alfa Romeo would return to the United States with Mainstream models. Today Alfa Romeo is selling the 4C coupe and is slated to release the 4C Spider in the summer of 2015 as a 2016 model. In recent news the company introduced the Alfa Romeo Giulia. The Giulia is slated to make it's presence on US shores sometime in 2017 with a Ferrari powered V-6 engine.