The chassis, designed by Giampaolo Dallara, was a development of the previous year's car but adapted for use with the new engine, which required a larger fuel cell.

It was the only 1992 car to use a high front wing with deep end plates which, after the first race of the year, were supported by cables.

[3] The car's monocoque chassis was of carbon fibre and provided with Dallara's own six-speed transverse gearbox.

[3] The F192 made its debut at the first race of the 1992 season at the South African Grand Prix, qualifying 24th (Lehto) and 25th (Martini) fastest.

[5] Some of the technical issues that had affected the F192 in South Africa had largely been resolved for the next race, Lehto qualifying in 7th and Martini in 9th, ahead of both the works Ferrari cars.

Martini capitalised on late race retirements to finish in 6th place, earning Scuderia Italia's first point of the season.

[8] At San Marino, the team received uprated Ferrari engines but both cars had handling and driveshaft issues during qualifying, with Martini and Lehto placing 15th and 16th on the grid.

[11] The team had another double finish in the following French Grand Prix, Lehto in 9th with Martini a place behind, having been penalised 10 seconds for jumping the start.

[12] At the British Grand Prix, Lehto, using a new double damper system on his front suspension, qualified in 19th while Martini was 22nd on the grid.

[13] In Germany Martini qualified 18th, now also running the dual damper system on the front suspension, while Lehto was further behind in 21st place.

Martini retired while running in 14th and last place on lap 40, having been penalised 10 seconds for holding up race leader Nigel Mansell.

Lehto finished in 7th place although he had been in a points paying position until he was caught by Ayrton Senna and Johnny Herbert towards the end of the race.

During the race, both drivers picked up debris from Riccardo Patrese's lap 44 accident on the main straight; Martini punctured two tires and retired on lap 44 while Lehto similarly retired after running over a portion of the driveshaft of Patrese's Williams FW14 which penetrated the tub of his F192.