Acronym for Società Piemontese Automobili Ansaldi-Ceirano (1906-08), it was later called Società Ligure Piemontese Automobili as a result of the participation in the company of investors from Liguria. Spa was one of the main companies for the production of cars, aircraft engines and commercial vehicles in Turin. Founded in 1906 by car experts Michele Ansaldi and Matteo Ceirano, the company had assets for 1 million liras, to which contributed Michele Lanza, a pioneer of motorisation who, in 1895, built the first four-wheels automobile ever produced in Turin. The best period for Spa were the years between 1923 and 1925, when the company produced several well designed and well-finished models. However, the company was severely hit by the credit crunch and the stock market panic caused by the bankrupcy of Banca Nazionale di Sconto. The investors from Liguria withdrew their support and in 1926 FIAT took control of Spa, halting the production of cars.
Acronym for Società Piemontese Automobili Ansaldi-Ceirano (1906-08), it was later called Società Ligure Piemontese Automobili as a result of the participation in the company of investors from Liguria. Spa was one of the main companies for the production of cars, aircraft engines and commercial vehicles in Turin. Founded in 1906 by car experts Michele Ansaldi and Matteo Ceirano, the company had assets for 1 million liras, to which contributed Michele Lanza, a pioneer of motorisation who, in 1895, built the first four-wheels automobile ever produced in Turin. The best period for Spa were the years between 1923 and 1925, when the company produced several well designed and well-finished models. However, the company was severely hit by the credit crunch and the stock market panic caused by the bankrupcy of Banca Nazionale di Sconto. The investors from Liguria withdrew their support and in 1926 FIAT took control of Spa, halting the production of cars.