Normal Motors is barely elevating its 2021 earnings steerage on robust pricing and resilient client demand, regardless of ongoing impacts from a worldwide scarcity of semiconductor chips that has depleted automobile inventories and shuttered crops.

The Detroit automaker’s new adjusted earnings steerage for this 12 months is about $14 billion, up from an already raised steerage of between $11.5 billion and $13.5 billion, GM CFO Paul Jacobson stated Wednesday.

The brand new steerage will doubtless please traders and Wall Road analysts who have been upset with the corporate solely guiding to the “excessive finish” of its vary when saying third-quarter ends in October. Shares of the automaker fell by 5.4% on Oct. 27 after the third-quarter outcomes, adopted by crosstown rival Ford Motor partially elevating its steerage that very same day.

GM’s preliminary adjusted earnings steerage for the 12 months was between $10 billion and $11 billion, because it tried to understand the influence of the continued semiconductor chip scarcity.