The team first emerged as GLAS in early 1990. It was to be financed by wealthy Mexican businessman Fernando González Luna, who was reported to be investing around $20 million in the team, and it was to be run by former Italian journalist Leopoldo Canettoli. The young team had approached Italian sportscar manufacturer Lamborghini, to not only supply them with their latest V12 Formula One engines, but to also design and build the chassis. Lamborghini had established a Formula One specific division in 1988, — Lamborghini Engineering — to oversee their burgeoning Formula One programme and they entered the sport in 1989 as an engine supplier. 1991 would be the firm's first attempt at designing and building a Formula One car. Former Alfa Romeo and Spirit driver Mauro Baldi was proposed as a part-backer and driver for the team.

Lamborghini Engineering had tasked Mauro Forghieri, with the assistance of Mario Tolentino, to design and build a Formula One car. By the summer of 1990 they had completed the process and had a rolling chassis ready for testing, only for González Luna to disappear, taking all his money with him. This left a huge hole in the team's finances and effectively put its future in doubt. However, Lamborghini were determined to keep the project going as they already had the engines and now they had a Formula One car. So, the Italian firm injected a sum of money into the team to keep it running, they relocated it to Modena in Italy, which resulted in a subsequent name change taken from the team's new home, installed Italian industrialist and former Fila boss Carlo Patrucco as Team Principal, and entered the 1991 Formula One season. Lamborghini were reluctant to have the team viewed as a "works" team though, as this might reflect badly on the marque, so it was entered as Modena Team SpA. Most media sources and fans ignored this, referring to the team as Lamborghini, or more colloquially as, "Lambo". However, it was noted that after an initial lump sum from Lamborghini, Modena Team were an entirely independent business entity and received no further investment or financial assistance from Lamborghini.

The change of name would cause confusion throughout the season. It was essentially a Lamborghini Engineering team, as they had designed and built the chassis, the chassis carried the firm's name and it was powered by a Lamborghini engine, but they were adamant on having it named differently and went about registering it under a different name, resulting in the team known as Modena but the cars as Lambo 291's on the official entry list. 

The Lambo 291 was a rather eye-catching and sleek looking chassis, with its distinctive blue colour scheme, triangular sidepods and slanting radiators. Slanting radiators would actually become a key Formula One design trend some years later, continuing to this day. Mauro Baldi was the first driver to test-drive the new car, testing it in late 1990. The team then hired former Minardi man Jaime Manca Graziadei as Team Manager, who resigned before the first GP of the season. Former Italian Formula 3 champion, Coloni and Osella driver Nicola Larini, and 1990 International F3000 runner-up Eric van de Poele were signed as the team's drivers. Mario Tolentino would be Larini's race engineer while former Formula One driver Dave Morgan was hired as van de Poele's engineer.

Both cars had to face pre-qualifying for the first half of the season and each driver only made it through into the race on one occasion - Larini eventually coming 7th at the opening United States Grand Prix, and van de Poele running 5th at the San Marino Grand Prix, and on course for 2 world championship points, before a problem with the fuel system brought him to a halt on the last lap, literally within sight of the flag, resulting in van de Poele being classified as 9th.

It competed in 16 World Championship Grands Prix (6 starts) but scored no Championship points. Its best result was seventh in the 1991 United States Grand Prix.

Activity: 1991
Grand Prix: 16
Best Result: 7th - N. Larini (United States 1991) 
Best Grid Position: 17th - N. Larini (United States 1991)
Fastest Laps: 0
Championship Points: 0