Carlos Alberto de Oliveira Andrade Founded The CAOA
Carlos Alberto de Oliveira Andrade was originally a physician but made the switch to become an entrepreneur back in 1979, which turned out to be one of the best choices of his career. It turns out that Carlos Alberto de Oliveira Andrade bought a Ford from a dealership in Campina Grande, but the dealership ended up going bankrupt before they could get the car to him. Because Carlos Alberto de Oliveira Andrade has already put a down payment on the vehicle, he offered to take over the remainder of the dealership as compensation. This is when he started managing the dealership for himself and renamed the company to CAOA, his very own initials. WIthin just six years of rebranding the company, it became one of the largest dealerships in all of Brazil.
When the laws changed in Brazil to allow selling of foreign cars on the market, Carlos Alberto de Oliveira Andrade was able to make some serious growth at his company. Over the years, Carlos Alberto de Oliveira Andrade was able to bring in new brands, such as Subaru and Hyundai. The Hyundai Tucson ended up becoming one of CAOA top-selling vehicles across the entire country in 1999. CAOA was also able to form a collaboration with Renault, which allowed Carlos Alberto de Oliveira Andrade to sell the French make for several years before the contract was cut off.
In 2007, the CAOA was expanded with a new Automobile Assembly facility, which cost roughly 600 million dollars to complete. Carlos Alberto de Oliveira Andrade effectively became an automobile manufacturer with this new development. Not only was Carlos Alberto de Oliveira Andrade named the entrepreneur of the year, but he created the first Hyundai manufacturing facility in the country. Carlos Alberto de Oliveira Andrade holds the title of largest vehicle distributor in Brazil and he has won many awards over the years for his contributions to the manufacturing industry.