Here are two articles I found on Bose ANC:
http://articles.sae.org/12747/
http://blog.nxp.com/connected-car/nx...-quieter-cars/
Note this system targets engine noise and aims for up to a 20 dB reduction. It does not address road noise, which is apparently a much more complex problem.
From what I can tell the system is marketed as "Active Sound Management" when the Bose amp is paired with the NXP SAF77x chip in the head unit. I suspect that chip is not present in the Camaro head unit, since they call it "active noise cancellation" with all lowercase letters in all the product info.