Fabbrica Italiana Automobili Torino was founded on 11 July 1899 in Turin, in a city then in the middle of a rapid industrial expansion. The deed of incorporation was signed at Palazzo Bricherasio and drawn up by the notary Ernesto Torretta, patrimonial notary to the royal household; nine founding partners subscribed a capital of 800,000 lire in 4,000 shares, with Ludovico Scarfiotti as president, Emanuele Cacherano di Bricherasio as his deputy and Giovanni Agnelli as secretary of the board. The first car the company built, the 3½ HP, was made in eight examples during 1899.
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