The design was largely identical to its predecessor with a major difference on its engine cover and front wing.
After a successful debut season in 1991 the team lost their supply of Ford engines due to large debts.
One of the problems was that the team had already begun work on the 192 in the expectation that it would continue to run the Ford V8 rather than the much larger Yamaha V12.
The team did not score a point until the final race of the season in Australia, when Modena finished sixth.
During the pre-season testing, the car was painted in green interim livery before switching into a light blue to reflect the team's new title sponsor Sasol, replacing 7 Up along with Philips Car Systems, Kyosho and other smaller sponsors.