The Porsche logo features symbols from the city of Stuttgart and the state of Baden-Württemberg. In the center of the logo, there is a rearing horse representing Stuttgart, along with red and black stripes and golden deer antlers. These elements signify Porsche's history and heritage.

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While it's true that the Porsche logo incorporates elements from the city of Stuttgart and the state of Baden-Württemberg, the interpretation you provided contains some inaccuracies