Stepney signed by Gigawave company

Stepney has been out of work since he was sacked by Ferrari in the middle of last year, on the back of suspicions of sabotaging the team's cars ahead of the Monaco Grand Prix. His departure also came amid the spy scandal that would dominate Formula One's headlines throughout 2007.

Now, just a few days after Stepney said that he was looking at returning to motorsport at the grass roots level, he has confirmed his plans.

A statement issued by Gigawave said about Stepney's position: "The position will cover all areas of Gigawave Ltd's involvement in motorsport, including the continual development of its on-board camera systems that are used in major worldwide race series

"Gigawave Ltd feels that an engineer of Nigel's calibre and experience can only benefit the business's future technological development."

As well as their business activities in motorsport, Gigawave will run a team in the FIA GT championship this year, running an Aston Martin DBR9.

Stepney said in an interview with Sky Sports that he was no longer interested in working in F1. "I've got a lot of other more interesting opportunities going back into the grass roots of motor racing," he explained.

"Don't get me wrong, Formula One I've worked in for many years. I've enjoyed it, I've made a living out of it, it's been a very good experience in life, but I think I prefer to go into a sort of a grass roots racing again."

The FIA said last year that it would invite Stepney to show why he should not be banned from motorsport "for a lengthy period."