Salvador Caetano

Grupo Salvador Caetano, SGPS, SA, usually called Salvador Caetano, is a Portuguese holding based in Vila Nova de Gaia that controls enterprises in vehicle assembly, components and distribution. Its roots go back to 1946, when Salvador Fernandes Caetano began a coachbuilding firm that became the first coachbuilder in Portugal. It opened workshops at Oliveira do Douro in 1965, became the importer of Toyota in 1968, built its first vehicle assembly unit at Ovar in 1971 and bought Baviera, the BMW importer, in 1982. It had a turnover of 1.6 billion euros in 2012 and is responsible for 6,000 jobs in Portugal, the United Kingdom, Spain, Germany, Cape Verde and Angola. Its three sub-holdings cover Toyota and Lexus through Toyota Caetano Portugal, multi-brand car retail, and information technology, and it also owns Caetano Bus and Caetano Components.