1st...There are larger images of his logo at his Facebook page:
http://www.facebook.com/photo.php?fbid=339643892732978&set=a.147853598578676.27138.100000621117480&type=1&theater2nd...You'd probably be better off contacting Randy, explaining what you're doing and ask for a layered copy from him. Since you're dealing with a 'sim' car it doesn't need to be all that big and he more than likely already has it saved with layers.
I'd attempt it, but there's so many pieces-parts (I can count 23 layers easily) that, quite honestly, to create something like that for what will probably be limited, if any, use outside of yourself really isn't the best use of my time. And, because of the way he designed his logo, there are parts that would be impossible to individually layer (the engine-turned silver with the red outline being the primary one).
However, if you end up being shot down by Randy, I'll see what I can do. There's no magic button to click to take that logo apart and layer it. It'll be time consuming.