Michael Lohan HIT By A Bus!

Michael Lohan was involved in a fender bender on the Sunset Strip -- an MTA bus crashed into his blue Jaguar in the middle of rush hour.  TMZ's Mike Walters witnessed the whole thing.

According to Walters, Michael's car was slowly approaching a stoplight near the Director's Guild of America when the bus was attempted to pass him ... and accidentally sideswiped Lohan's car.

Lohan was not injured and his car only appeared to have minor scratches and scrapes.

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