REO Speedwagon's Terry Luttrell Can't Fight This Healing ... Allegedly Fell Asleep at the Wheel, Crashed Car

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Terry Luttrell from the iconic rock band REO Speedwagon got into a bad car wreck after a concert on Sunday -- crashing his vehicle after falling asleep at the wheel following a long night.

The 78-year-old tells TMZ ... it all went down after a late-night concert -- he was driving from Illinois to St. Louis after staying up until 4:30 AM Sunday. He felt sleepy and headed towards an exit on the highway .... but nodded off behind the wheel while on the exit ramp. His car veered off the ramp, rolled over once and landed upright in the swale area.

The singer says, "I can only thank my Father in heaven for seeing me through. It could've been worse — I might not have made it — but obviously he feels like it's not time for me to leave yet."

Terry confirms to us he woke up "cocooned" -- wrapped in airbags after the crash ... they deployed on impact and cracked his sternum.

REO SpeedWagon We Were Moved by 'Blackfish' We're Quitting SeaWorld Gig Too

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REO Speedwagon is taking a stand against SeaWorld's alleged abuse of its Orcas -- TMZ has learned the band just pulled out of an upcoming concert there ... following in the footsteps of several other high profile acts.

Sources close to REO Speedwagon tell us their cancellation is directly related to the documentary "Blackfish" ... which exposed alleged killer whale abuse at the aquatic amusement park.

The concert is supposed to go down in February at the Orlando, FL park -- but Cheap Trick, Trisha Yearwood, Willie Nelson, Barenaked Ladies, and Heart had already backed out.

SeaWorld says it expects "other artists will be targeted" by the campaign to organize a protest. They added they're going to book other bands to fill the open slots.