Shares of General Motors Co. sank 2.2% in midday trade Thursday, after a Bloomberg report that the automaker was being sued by consumers for installing devices in its trucks to beat emissions tests, similar to Volkswagen AG’s highly-publicized scandal in 2015. The Bloomberg report said the class-action suit was filed in Detroit by people who own or lease more than 705,000 GM Duramax diesel trucks, and not by a government agency. The suit alleges that GM’s defeat devices allowed its trucks to pass inspections even though the trucks spewed emissions up to five times the legal limit under regular driving conditions, the report said. The report does not say the damages being sought. Earlier, the stock was down as much as 3.9% at 6 1/2-month low of $31.92 in intraday trade. The stock has now lost 6.8% year to date, while the S&P 500 has gained 7.8%.
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