Osella's first Formula One car, the FA1, was designed by
Giorgio Stirano. Powered by
Ford Cosworth DFV, the car was presented in a black and white livery with large
Denim branding on the sidepods. After a difficult beginning to the 1980 season,
Eddie Cheever was able to qualify regularly but finished just one race in the whole season. The car suffered from unreliability problems and was aerodynamically inefficient. Many components were manufactured in-house – a strategy that although financially viable, often resulted in poorly designed material. For the 1982 season, Osella fielded two cars, one for
Jean-Pierre Jarier and one for
Riccardo Paletti. The team hired
Giorgio Valentini and
Tony Southgate to design a new car, with input from Enzo Osella himself. Most of these attempts brought little improvement as high-tech solutions could not be financed. Jarier finished fourth at
Imola in
1982 (where only 14 cars started) and scored the first Championship points for the young team in a car that was by now dubbed
Osella FA1C. Towards the end of the season tragedy struck, when
Riccardo Paletti was killed in a start-line accident at the
1982 Canadian Grand Prix. at
Bournemouth in 2016 In 1983 the team regrouped, and hired
Piercarlo Ghinzani and
Teo Fabi's younger brother
Corrado Fabi, who had just won the
Formula Two European championship. Lack of funding and reliability issues prevented the drivers to qualify for many of the events on the calendar, Fabi's 10th place at the Deutch Grand Prix the best result of the season. For 1984 Osella retained Ghinzani and gave the second car to the young Austrian
Jo Gartner. Ghinzani was able to score points when he finished fifth at the
1984 Dallas Grand Prix. Gardner finished fifth at
Monza but both him and countryman
Gerhard Berger, who had finished sixth on ATS, didn't receive any points as their teams at the beginning of the season had only officially entered one car. For the 1985 season, Ghinzani was paired with
Huub Rothengatter but none of the two were able to score any points. In 1986, in order to stay afloat, the team started asking their drivers to bring sponsorship. Whilst some of the drivers who started their
F1 careers with the team would go on to have respectable careers, such as
Alex Caffi and
Gabriele Tarquini, others disappeared as quickly as they had come, such as
Allen Berg and
Franco Forini. None of these drivers were able to push the team forward, and Osella continued with little or no improvement in competitiveness.
Partnership with Alfa Romeo , where Ghinzani achieved Osella's second and last points finish In the mid-1980s, Osella was the beneficiary of factory
Alfa Romeo engines, both in
naturally-aspirated (1983–84) and
turbo (1984–88) forms. The Alfa engine program helped the team to survive the increasingly professional turbo era but it failed to improve its competitiveness. The Alfa turbo engine, the
890T, was not reliable. Turbos blew up regularly and power output had to be reduced down to the level of the non-turbo cars just to achieve the necessary reliability. Alfa Romeo's chief designer,
Carlo Chiti, offered some technical input to the team. Beginning with the 1984
Osella FA1F, which was based on the 1983 works
Alfa Romeo 183T, all the following Osella models up to the
FA1L in had their origins in the initial Alfa design. For 1988 – the last year before turbos were banned – the team re-branded the 890T as the "Osella V8". This came about after Alfa's parent company,
Fiat, grew tired of the negative publicity the team had given the 890T and, while allowing them to continue using the engine, refused to allow the Alfa Romeo name to be used. After driver
Nicola Larini managed some impressive times in pre-season testing at
Monza, the team were quietly confident of a decent showing through 1988, as many teams had switched to naturally-aspirated engines in preparation for 1989. However, the
Osella FA1L, with its outdated turbo, was not up to the challenge. Larini often failed to qualify or even pre-qualify, and was also excluded from the
San Marino Grand Prix before practice after failing to get through scrutineering due to illegal changes made to the chassis. At the end of the season,
Enzo Osella terminated his agreement with
Alfa Romeo.
Cosworth power and Fondmetal The 1989 season saw some improvement. The all-new,
Cosworth DFR-powered
Osella FA1M performed better in the qualifying sessions (most notably in the
Japanese Grand Prix, where Larini qualified 10th). The fine qualifying performance, however, didn't translate into good results in the races. The cars rarely saw the finish line due to several technical failures. The most frustrating race was the Canadian Grand Prix, where Larini had climbed to third during the race but retired when the FA1M's electrics failed due to water ingress. At the end of the season, on the occasion of the
Australian Grand Prix, Ghinzani suffered a high-speed collision with the
Lotus of
Nelson Piquet, leaving him with an injured ankle. Right after, Ghinzani announced his retirement. In 1990,
Enzo Osella sold shares in his team to metalwork magnate
Gabriele Rumi, as part of a sponsorship deal with Rumi's
Fondmetal company. During , the team entered a single car for French driver
Olivier Grouillard. At the end of 1990, Rumi took over the remainder of the team and renamed it Fondmetal. The involvement of Rumi meant the end of Osella's activities in Formula One. ==Sportscars==