General Motors (NYSE: GM) announced today it expects its first-half results to come in “significantly better than prior guidance.” As expected, shares of the company shoot over 3% higher in pre-open as the company also said it is “optimistic about the full year” prospects.

“As a result of GM’s ongoing efforts to prioritize semiconductor usage, its success engineering solutions that maximize the utilization of chips as well as the pull-ahead of some projected semiconductor deliveries into the second quarter, the company now expects its first-half financial results to be significantly better than the first-half guidance previously provided,” the company said in an update today.

GM also noted stronger demand for Chevrolet, Buick, GMC, and Cadillac, hence it is stepping up deliveries to dealers and customers in the United States and Canada.

“The global semiconductor shortage remains complex and very fluid, but the speed, agility and commitment of our team, including our dealers, has helped us find creative ways to satisfy customers,” said Phil Kienle, GM vice president, North America Manufacturing and Labor Relations.

“Customer demand continues to be very strong, and GM’s engineering, supply chain and manufacturing teams have done a remarkable job maximizing production of high-demand and capacity-constrained vehicles.”

GM also added that smaller volumes of vehicles held at other plants also will complete dynamic vehicle testing and will be shipped to dealers in June and July while the company ordered its US-based assembly plants that are in charge of most capacity-constrained cars not to take “any dedicated vacation downtime this summer.”

“Production of the Chevrolet Silverado HD and GMC Sierra HD full-size pickups will increase by about 1,000 trucks per month beginning in mid-July as a result of production line efficiencies delivered by the team at Flint Assembly in Michigan. Shipments of Chevrolet Colorado and GMC Canyon mid-size pickups built at Wentzville Assembly in Missouri will increase by about 30,000 total units from mid-May through the week of July 5 as the team completes dynamic vehicle testing on units held at the plant due to semiconductor supply disruptions,” it is said in a blog post.