After that, he worked for a couple of years abroad and completed a second bachelor's degree in electrical engineering in Liège, Belgium.

The company gained a good reputation for building elegant and safe cars as well as aircraft parts, but in 1927 it came very close to liquidation due to a series of bad investments.

During a tense board meeting Romeo was asked to leave the company, although the new CEO Pasquale Gallo persuaded him to stay as president.

Nicola Romeo died on 15 August 1938 in his home at Lake Como at the age of 62.

Almost seventy years after his death and on the occasion of the 130th anniversary of his birth, the city of Naples dedicated a street to his memory in Rione Lauro, called Via Nicola Romeo.