It was introduced at that year's Canadian Grand Prix to replace the Minardi M193B.

Minardi team drivers during 1994 were Pierluigi Martini and former Grand Prix winner Michele Alboreto.

The combined 5 point total saw Minardi only finish tenth in the Constructors' Championship.

The M194 had a blue, orange and white livery, with main sponsorship from Lucchini and Beta Tools.

During the British Grand Prix, the car ran with the words "Italia IN - Ireland OUT", in response to the elimination of Ireland from the 1994 FIFA World Cup and the provocation from Eddie Jordan in the previous race.