The circle with four symmetrical T's on the top, bottom, left and right is the Toyota brand. The ellipse in TOYOTA's logo is a globe, and the four symmetrical T's in the middle are derived from the initials "T" of "TOYOTA", which is the acronym of "Toyota" in English, symbolizing that Toyota stands on the world. In addition, Toyota Motor Corporation is a witness to the rise and fall of Japanese automobile industry. In the early 1930s, it surpassed Ford Motor Company, the largest automobile manufacturer in the United States at that time, and its output ranked second in the world automobile industry.