Toyota unveiled its redesigned Camry sedan on Tuesday in the US, citing price cuts up to $2,000 as the automaker faces stiffer competition from some mid-sized rivals, Cincinnati.com informs. In the most ambitious new model introduction in its history, Toyota launched the 2012 Camry with a global web cast that included events in Hollywood and at its sprawling plant in Georgetown, Ky., where the Camry is being built. At the Georgetown plant, Akio Toyoda, Toyota Motor Corp. president, drove a new red Camry SE off the assembly line to the cheers of employees. “The launch of the new Camry is very important to our company. That’s why I came all the way to Kentucky. It’s a symbol of Toyota’s success over the years,” he said.