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Chris,
Post WW2, Alfa Romeo built engines under licence from the English Bristol-Siddley company, who were a bit peeved as the Italian engines were more powerful than the original English ones!
I would guess that a combination of the move towards jet engines, massive development costs & the dominant market positions of firms such as Pratt & Witney, Rolls Royce etc. made it risky running with the established big boys.
Just my tuppence worth...
Tony Stevens
England
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