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LKQ Announces Unprecedented Product Liability Indemnification
Chicago, IL (April 3, 2012) -LKQ Corporation (Nasdaq: LKQX) took the lead again in the auto parts industry by announcing the strongest warranty protection in the aftermarket category. Always in the forefront of quality assurance and customer care, LKQ is raising the bar yet again. Effective immediately, LKQ will indemnify licensed auto repair shops against injury or damage caused by a defective aftermarket vehicle replacement product distributed by LKQ.
The LKQ Promise of Protection is unique in the auto parts industry offering product liability indemnification and unparalleled peace of mind to business owners. Never before have repair or body shop owners or insurance adjustors received this level of assurance in using or recommending aftermarket replacement parts in their businesses.
“We have always stood behind our product quality and offer lifetime warranties for all of our aftermarket crash parts, that’s not new,” said Rob Wagman, President and CEO of LKQ. “Our Promise of Protection goes one giant step further by offering product liability indemnification. This new program clearly demonstrates our higher level of quality assurance beyond the lifetime warranty, so our customers can be totally confident when buying and using our products in their repair businesses.”
LKQ’s alternative parts offering has the industry’s widest assortment of products including CAPA and NSF certified parts, ISO-9001 and TS-16949 manufacturing by many suppliers and Platinum Plus parts distributed through our ISO-9001 facilities. In addition, our successful proprietary quality assurance program, AQRP, is available to LKQ’s insurance and fleet customers and further demonstrates our commitment to quality.
The Promise of Protection is subject to certain terms and conditions. For more information on LKQ’s products, programs and certifications visit www.lkqcorp.com.
About LKQ Corporation
LKQ Corporation is the largest nationwide provider of aftermarket and recycled collision replacement parts and refurbished collision replacement products such as wheels, bumper covers and lights, and a leading provider of mechanical replacement parts including remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico and Central America. LKQ operates more than 440 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks.
Terry Fortner-LKQ Corporation
Vice President of Industry Relations and Market Development