After a successful debut season in 1991 the team lost their supply of Ford engines due to large debts. Instead Jordan signed a contract to run the Yamaha OX99 3.5L V12, which was supplied for free. 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.
Compared to 1991, 1992 was a disastrous season for Jordan. The team struggled badly with reliability issues (in particular overheating), with Gugelmin retiring from seven of the first nine races and Modena failing to finish a race until the twelfth race of the season in Belgium. Modena also failed to qualify four times. The team did not score a point until the final race of the season in Australia, when Modena finished sixth. With this one point, Jordan placed 11th in the Constructors' Championship.
The 192 was replaced for 1993 by the 193, which was powered by a HartV10 engine.
Livery
The team's main sponsor was Sasol, replacing 7 Up. In the Grands Prix that did not allow tobacco branding, the Barclay logos were replaced with a brand's emblem.
Complete Formula One results
(Key) Results in bold indicate pole position and results in italics indicate fastest lap in race.