Musician will.i.am is getting in the driver's seat for his new project that he hopes will create job growth in his native East Los Angeles hometown. The Black Eyed Peas frontman announced on 'The Tonight Show with Jay Leno' Wednesday (Jan. 4) that he has teamed up with Chrysler to develop his own car company.

According to Rap-Up, the all-white vehicle is called IAMAUTO and it was co-designed with Chrysler parts so it would pass safety and emissions standards. The car also comes equipped with a Beats by Dr. Dre sound system, so you can blast 'I Gotta Feeling' as loud as you want.

"I'm a big technology freak and a geek and I invested my money in building my own vehicle ’cause I want to bring jobs to the ghetto that I come from," will.i.am told Leno. "I invested in making a demo to start the Black Eyed Peas, now I want to invest to have a car company in the neighborhood where I come from."

In our opinion, the IAMAUTO looks like a pimped-out Trans Am. Nevertheless, we are happy that will.i.am is trying to create job opportunities in the neighborhood where he grew up. We wish him the best of luck in his endeavors.

Don't worry, will.i.am is not quitting music altogether. The Grammy-winning rapper and producer is dropping his first solo album '#willpower' later this year.

Watch Will.i.am's Car Announcement on 'The Tonight Show With Jay Leno'