Toyota = Abundance of rice

[*MAD DOG*]

I was looking for spare parts online on this website http://www.findapart.com.au/toyota_parts.php and i found this quote about Toyota.

Originally Posted by http://www.findapart.com.au/toyota_parts.php

The Toyota logo is comprised of three ellipses, representing the heart of the customer, the heart of the product, and the ever expanding technological advancements and opportunities that lie ahead. Another interpretation is that it represents the three interlocking aspects of the culture of the company - freedom, team spirit, and progress. Also, in Japanese 'Toyo' means an abundance of, and 'ta' is rice. In some Asian cultures, those blessed with an abundance of rice are believe to be blessed with great wealth.

So in Japanese Toyota means abundance of rice?

Is this why people call Toyota's rice?