will.i.am & iamauto*Will.i.am is flexing his star power and doing something for the people, while making his pockets fatter.

The Black Eyed Peas frontman revealed that he’s going to start his own car company and bring jobs to Los Angeles.

“I’m a big technology freak and geek and I invested my money in building my own vehicle because I want to bring jobs to the ghetto that I come from, so why not invest?” he said on Leno’s Tonight Show. “Like I invested in making a demo to start the Black Eyed Peas, we did that, now I want to invest to have a car company in the neighborhood that I come from.”

Will.I.Am, whose real name is William Adams Jr.,  is currently calling the new company IAMAUTO and it’s a two-door coup with beautiful white bodywork. Underneath it looks a lot like a Chrysler.

“I went to Chrysler and got a whole bunch of parts to where it’s still certified as a legal vehicle on the streets,” he said.
“So I don’t really mess with the airbag configurations or things like that. Kept the chassis and we create the shell, which is the body and the interior and the audio interface, I got Beats audio, it’s sick, it’s really fresh.”

Hmm, it really does ooks like he’s on to something with his IAMAUTO.