Built to replace the Lola LC91 used in the previous season, after Larrousse had ended their agreement with Lola, the LC92 used a 3.5-litre Lamborghini 3512 V12 engine. It was the first car that Larrousse had built since Venturi had bought a controlling stake in the team, with Bertrand Gachot and Ukyo Katayama being selected to drive the car. Although the LC92 finished more races than its predecessor, it was no quicker, and Gachot scored the team's only point of the season at the 1992 Monaco Grand Prix. After Venturi sold their stake in Larrousse at the end of the season, the LC92 was replaced by the Larrousse LH93, which was marginally more successful.
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