BvU said:
Hi, no physics from me here. Instead, my two cents goes to
@vr-marco . He created some time-usurping videos that gave me the impression he has this figured out !
Disclainer: Not intended as supporting the purported commercial; I just liked it

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Thanks for the mention
@BvU . Not sure whether I have figured it all out, I feel like there is always something new to learn on the subject every day. I am in good company though. Professor Pacejka, who devoted his whole life to the study of vehicle tires, also thought there was a lot still to do in the field.
Cornering is one of the most complex aspects of vehicle dynamics. At macroscopic level, the vertical tire rotation caused by the steering system creates a "side-walking effect" of the contact patch. This side-walk generates a lateral reaction force on the tire due to the interaction with the ground. The force is transmitted to the body of the car through the steering system and generates a yaw moment, so the car goes around the curve. This is an extreme simplification though.
At microscopic level, during cornering the contact patch undergoes to a distortion. The bristles of the thread are bent by the side-walk and, as they try to get back to their original orientation due to the visco-elastic property of the material, they transmit a force to the ground. The ground reacts with an equal but opposite force (minus what is turned into heat) which produces a lateral cornering force and an aligning moment. The aligning moment is what make the steering wheel go back to center when you let it go after a cornering.
This said, there are a lot of other factors and conditions that affect the cornering forces and therefore the lateral vehicle dynamics. Camber is only one of them. One of the major effects is due to the vertical load on the tire. During cornering part of the vehicle weight is shifted to the outer wheels. This puts more load on the respective tires. One would expect that more load means more friction, so a better cornering, but actually it is the opposite. Past a certain load, the tire undergoes to more distortion and its capacity to generate lateral force diminishes. Another effect is the combination of longitudinal and lateral dynamics (so called friction circle). As the tire can only generate so much force in total (μ * F
z), if the driver brakes or accelerates during cornering, this ends up subtracting useful force from the amount available for cornering, and the car will very likely end up against the guardrail (understeer).
Here my two cents: tire dynamics (and vehicle dynamics in general) is quite complicated. You can surely come up with a very simple model to describe one specific behavior or aspect, but it will very likely fail as soon as you move away from the ideal conditions. By the way, this is true also for the more complicated models, so you are in good company! My suggestion is to pick up some good literature on the subject and familiarize with it. Then you will both start to grab the complexity of the subject and get new ideas.