General Motors raised its forecast for full-year earnings after reporting a record second-quarter profit that handily beat Wall Street expectations.
Shares in the world's third-largest automaker rose 3.8 percent in premarket trading.
GM said it expects adjusted earnings before interest and taxes of $5.50 to $6 per share for full-year 2016, up from a previous forecast of $5.25 to $5.75 per share.
"We still expect to see strong industry performance in the U.S. for the foreseeable future," Chief Financial Officer Chuck Stevens told CNBC's "Squawk Box."
"Clearly the results in June were a little bit less than what we expected, but the fundamentals are there for continued strong performance, and that's our baseline assumption for the rest of the year."
Earlier this month, GM said its June sales fell 1.6 percent to 255,210 vehicles due to lower sales of Buick and GMC vehicles.
Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. Adjusted earnings were $1.86 per share while Wall Street expected $1.52 per share.