Hey Mark,
Much better! Two things: Add the yellow fill in the circle outside the birfields and Toyota logo. Really need the color in there to make the logo "pop" IMHO. You might even try outlining the letters in the red ring in yellow instead of the white. Less colors to print later and I bet it reads a little better. Second: The outlines of the birfield bells are WAY to heavy. The outer shape is spot on but the line thickness is way wrong. I'll try and attach a quick MSPaint of what I'm tryng to say. Gotta add Photoshop to this machine...
The bell on the left is closer to what I have in mind. To me the flat on the side of the birfield is part of what helps ID what it is along with the splines. I don't have the time to redo the letters but I think you get the idea.
Again, I think you're doing a great job on the logo. If you think my tweeks will help, great. If not don't sweat it.
Nick