Zagato announced they will unveil the Alfa Romeo TZ3 Corsa at the 2010 Villa D’Este Concorso d’Eleganza on April 24, 2010. As the third part of the celebration of Alfa Romeo’s centenary anniversary, the TZ3 Corsa is a symbol of the historical cooperation between the two brands. The first two parts being the Bertone and Pininfarina models unveiled at the 2010 Geneva Motor Show. The idea of "utilitarian beauty" found in the TZ3 Corsa is rooted in a philosophy of functionality and inspired by the tradition of motor racing shared by Zagato and Alfa Romeo since 1919.
The original Alfa Romeo TZ (Tubolare Zagato) was a small sports car built from 1963 to 1967. The TZ1 featured a 1570 cc twin cam engine that delivered a total of 160 Hp. It was capable of a top speed of 134 mph. The TZ2 was revealed in 1965. It featured a new fibreglass bodywork, but it was built only as a racing car. There were only 112 TZ1 units built and 12 TZ2, making from the sports car quite a desired car among the collectors.