An ellipse entering another ellipse is designed to remind of a thread coming through the needles eye. They have been producing high-quality cars for many generations.
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Perhaps its a tribute to the companys past.

Toyota symbol meaning. The Toyota logo has a rich history together with the brand. Always the Toyota logo will be associated with a great car. And the Toyota symbol that we can see on each car carries a deep meaning that should be explored.
By the way there is a different version of the Toyota logo meaning.
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