Jean Alessi with this beautiful Ferrari F92A finished 3rd at he 1992 Spanish Grand Prix held on 3 May 1992 at the Circuit de Catalunya, Montmeló. Nigel Mansell won the reace driving a Williams-Renault and scoring the third Grand Chelem of his career. The race was moved up from its former September date, and held just months before the 1992 Summer Olympics in Barcelona. Damon Hill, son of former world champion Graham Hill, made his debut with Brabham, replacing Giovanna Amati who was dismissed from the team, but did not qualify for the race.

At the start of the race, in damp conditions, Patrese got by Schumacher and Senna. Ferrari driver Jean Alesi made a good start from 8th on the grid to third into the first corner on the first lap, forcing other drivers to take defensive actions and drop back. Schumacher attacked and passed Alesi on lap 7. Berger tried to do the same but tipped Alesi into a spin, putting the Frenchman behind Senna and Capelli as well. By, now the rain intensified, and Patrese spun off on lap 20 while trying to lap a backmarker. This put Mansell ahead of Schumacher, Senna, Berger, Capelli and Alesi.Alesi pitted for fresh tyres halfway through the race, and soon began to charge up through the field as the rain intensified despite making contact with both Gerhard Berger in the McLaren and Mika Häkkinen in the Lotus forcing the Finn to spin off the track whilst trying to lap him, who eventually retired after 56 laps from spinning off. He cruised past Berger for fourth and began to close in quickly on Senna and Schumacher. With two laps to go Senna spun off and into the wall trying to lap Martini. Mansell continued his perfect record in 1992 with his fourth win of the season from Schumacher, Alesi, Berger, Alboreto and Pierluigi Martini.

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