Carlos Alberto de Oliveira Andrade is a doctor that successfully managed to change his career to become an entrepreneur. Carlos Alberto de Oliveira Andrade was born in Brazil where he was a medical physician greatly known throughout the North and Northeast. Carlos Alberto de Oliveira Andrade shifted to the automobile industry about 40 years ago after creating his own company CAOA. The company’s name comes from his initials ‘Carlos Alberto de Oliveira Andrade.’ His career as an entrepreneur began 1979 when he acquired Ford Landau from a dealership in Campina Grande. The dealership however declared bankruptcy before Carlos Alberto de Oliveira Andrade got the car and he requested to take over that bankrupt dealership as a compensation for the car he bought. In less than six years after this, CAOA became the largest dealership in Ford in the country.
Carlos Alberto de Oliveira Andrade successfully managed to import various cars into the Brazilian market soon after the market for imported vehicles was opened in the country. CAOA was able to be the exclusive importer of French franchise Renault in 1992, but this only lasted for a few years before Renault too back its right to import in the country. CAOA was the official importer of Subaru’s in 1998 and its sales of Subarus tripled within that year. The company went on to import Hyundai, and in the year 1999 they took over the importation and market of the model. Carlos Alberto de Oliveira Andrade built his factory in 2007, and this was prompted by CAOA’s partnership with Hyundai. The automobile manufacturing factory is suited at Anapolis, Go, and Carlos Alberto de Oliveira Andrade chose this location as it was strategically positioned on Brazil’s map.
CAOA has received several awards for their efforts in protecting and preserving their environment. The company won an award in 2012 for reusing their waste materials and reforestation of the Midwest area in Brazil. Carlos Alberto de Oliveira Andrade also won an award for being ‘Distributor of the year’ in 2014. The company is now the largest in the distribution and manufacturing of cars in Latin America.