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Osella would be running a BMW-engined in-house car (albeit using a four-year old design penned by Giorgio Stirano, renamed the FA2/79) for Eddie Cheever; their main strength was an exclusive deal for Pirelli tyres.
It was raced to reasonably good effect by Derek Warwick and Eddie Cheever in 1989, Warwick finishing in the top six on five occasions and briefly challenging for victory in the Canadian Grand Prix, and Cheever finishing third in the United States Grand Prix, held in his home town of Phoenix, Arizona.
The Megatron programme ended as a result of a change of Formula One engine rules which banned turbocharged engines at the end of 1988, with American driver Eddie Cheever achieving the old BMW engine's last podium finish with third place in the 1988 Italian Grand Prix at Monza.
In the winter of 1978, Stirano designed an evolution of the old Osella FA2 for the 1979 season: this new car allowed Eddie Cheever to win races at Silverstone, the Pau Grand Prix and Zandvoort.
The team frequently features accomplished guest drivers for endurance events including Mark Blundell, Martin Brundle, Eddie Cheever, Johnny Herbert, Stefan Johansson and Arie Luyendyk.