Simplify the following text for a Grade 7 native English-speaking person.
Original: Alfa Romeo Automobiles S.p.A. is an Italian car manufacturer created on June 24 , 1910 in Milan .
Simplified: Alfa Romeo Automobiles S.p.A. is an Italian manufacturer of cars . Founded as A.L.F.A. on June 24 , 1910 in Milan , the company has been involved in car racing since 1911 , and has a reputation for building expensive sports cars .