Update: A GM spokesperson reached out to clarify that the report of executives shutting down the project are speculative, and that ‘nothing has been confirmed by GM.’ The original story follows below.

The internal group tasked with making the next-gen Chevy Camaro's business case reportedly couldn't get the numbers to add up, so upper management shut it down.

A business case for a possible seventh-generation Camaro wasn’t strong enough. While a new Camaro hasn’t been ruled out entirely, it’s now less likely to become a reality. Chevrolet had been eager to ensure the next Camaro would be cheaper.

Well, bad news. According to a new report from GM Authority, Chevy isn't going to bring back the Camaro for a seventh generation. In order to put it back in showrooms, Chevrolet's