The Camaro won't be canceled, this is just a delay in producing the next generation. Ford did the same thing with the next Mustang as a new vehicle costs each company nearly $1 billion to engineer, design, and implement into production.
The Camaro article here even quotes "citing intel from unnamed sources, is claiming that the seventh-gen Camaro has been delayed, not canceled."
Camaro Source
https://www.hagerty.com/articles-vid...uction-in-2023
Mustang Source
https://www.fordnxt.com/news/next-ge...ut-to-pasture/