Rumi transferred the team from Volpiano near Turin to his headquarters in
Bergamo and ran it for one and a half years on his own. He initially persevered with Osella's driver,
Olivier Grouillard, until he tired of the Frenchman's reckless side and attitude problem, replacing him with
Gabriele Tarquini. The new team was no more successful than in the Osella days, sometimes the results being even worse than those of its fellow back row contenders
Coloni or
AGS.
1991 For the 1991 Formula One season,
Osella Squadra Corse was gone; the team re-appeared as Fondmetal Corse. Initially, Fondmetal entered the
FA1M-E car which was a mere carry-over from the previous year (and, in fact, from 1989 as Osella had not been able to construct a new car in 1990). Driven by
Olivier Grouillard, the blue and grey coloured machine was uncompetitive by any means. Although Fondmetal was able to use
Cosworth engines prepared by
Brian Hart for the previous years'
Tyrrell, even
Pedro Chaves in his
Coloni was ahead of the Fondmetal car. In that hostile atmosphere, pre-qualification turned out to be impossible. But Rumi had high hopes for the European season. By the San Marino Grand Prix, a new car appeared, called the Fomet-1. It was conceived by a newly founded think-tank in the UK called Fomet. The Bicester-based design office was headed by Tino Belli and founded by Rumi who thought that British input was necessary for gaining success. The Fomet-1 featured new aerodynamics, a new suspension and some other improvements, but apart from this, the new car obviously preserved its Osella roots. Finally, things improved a little, but not significantly. With the new car, Grouillard managed to be faster than the
Scuderia Coloni machine, but that does not mean that Fondmetal was able to pass pre-qualifying regularly. Only a handful of race participations were possible, but results were poor, although Grouillard did qualify 10th for the
1991 Mexican Grand Prix, ahead of Andrea de Cesaris in the Jordan, who eventually finished 4th. In the end, Grouillard was replaced by former
AGS man
Gabriele Tarquini who finished twice (from three attempts), although he also failed to pre-qualify once; but no points were scored in the end.
1992 driving the
GR01 during the Thursday practice session for the
1992 Monaco Grand Prix. At the end of 1991, the British subsidiary Fomet was sold. Its designers had been working on a new Formula One car since the previous summer. Tino Belli sold the designs of the new car to the
Larrousse Formula One team which left Fondmetal without a new car for the next season. In late December 1991 Gabriele Rumi commissioned
Sergio Rinland from Astauto to design a new car. It was not ready for the start of the season, so the team used the previous year's car for the first few races. The car received a Ford HB V8 engine (from the previous year's
Benetton) to replace the Lamborghini V12 or the Judd V10 that Rumi had preferred. The engine and the chassis did not go together well. There were some cooling troubles, and reliability was poor. The team appeared with two drivers, Tarquini, the other one being the Swiss debutant
Andrea Chiesa. Tarquini showed speed, but the car broke down frequently. In late spring Rinland's new chassis was ready to race. The
GR02 had nothing in common with former years' Osellas and Fondmetals. The roots of its design dated back to late 1991 when he was working for the
Brabham team on the Brabham BT61 that never saw the light of day. Elements of its design were carried over to the 1992 Fondmetal. Its drivers found it an improvement over the GR01, but it had disappointing race results, with minor problems often stopping the cars after they qualified well. The team was poorly funded so tests were few and development was slow. Finishes were rare. Tarquini often qualified his car relatively high in the order, and at the
Belgian Grand Prix put in Fondmetal's best qualifying performance of the season to qualify 11th. Chiesa often failed to qualify, and was replaced by
Eric van de Poele for the
Hungarian Grand Prix. While van de Poele proved competitive, he spun off on the third lap in Hungary, losing the Italian team's last good chance of a points finish. Tarquini had already collided with Herbert's Lotus and with the Ligiers of Boutsen and Comas in the first lap. Only two races later after the
Italian Grand Prix in September 1992, the team withdrew from the championship for financial reasons, having scored a pair of 10th places, although Tarquini managed to qualify for all thirteen races in which the team participated in 1992 and Chiesa (in ten attempts) and van de Poele (in only three) qualified three times each. The team's mounting debt coincided with a
global recession. Rumi contemplated racing
Giuseppe Bugatti as a pay-driver in order to get through the
1992 Portuguese Grand Prix, but decided instead to close his team. ==Later relations with other teams==