It was designed by Mike Coughlan, Sergio Rinland and Nicolò Petrucci with engines supplied by Jaguar-works Cosworth customer rather than the Asiatech unit used in the previous year's Arrows A22.

Bernoldi grabbed headlines for taking the fight to Michael Schumacher in Malaysia, proving the A23's competitiveness.

[6] Mounting debts and legal issues forced the team to pull out of Formula One following the 2002 German Grand Prix.

Craig Pollock, who had just been ousted from BAR offered to buy the team, but terms could not be reached.

[9] The team's last actual entry was the following at the 2002 German Grand Prix at a new for 2002 heavily revised and shortened version of the Hockenheimring.