It's good, but there's a few things inherently wrong here. If you have access to a vector image program (Illustrator) I'd be trying to use that instead. The reason why I say this is because the motorcycle details are extremely blurry. The the text and the circles can all be easily recreated in Illustrator with the text tool, the pen tool, and the circle tool (Also, do I detect the No. Seven font?). But, by using the magic of pen tool tracing (and layering, which I know you have a concept of from looking at this deisgn) you can recreate that motorcycle in the way that you need it. Just do it that way, there's absolutely no reason not to have a black and white graphic that's NOT a vector. It will save you and your company a lot of trouble as well in the long run.
Also, your white and black circles in the middle of the larger circle? Those are not lined up. You can notice this by looking at the white space around the inner black circle, and it changes from place to place (which means it's out of line). So, here's a trick. Black circle, no fill, 10 pt black line. Copy, paste, center on previous circle. Change stroke to white, 3 pt. Paste. Center on both circles, change to 1 pt. Done. Adjust pt weights as needed.