Carlos Alberto de Oliveira Andrade is a medical doctor based in Brazil who later became an entrepreneur. During his career, he was a very respected physician throughout Brazil. However, he decided to make a career change and get involved in entrepreneurship. Andreade would pursue opportunities in the automotive business. He joined the carmaker and distributor CAOA and later became its chairman and a member of its board of directors.
In 1979, Carlos Alberto de Oliveira Andrade acquired a Ford Landau from a local dealership in Campina Grande. The dealership went bankrupt and was not able to give Carolos the Ford Landau he requested. However, he was able to take over the bankrupt dealership instead of getting the vehicle. Once the dealership closed, Carlos received the dealership and created CAOA which stands for the initials of his full name. Within six years of taking over the dealership, Andrade built it into the larges Ford dealership in Brazil.
The Brazilian auto market opened up for imported vehicles, and Carlos Alberto de Oliveira Andrade took full advantage of this policy. His dealership CAOA became the main importer of vehicles in Brazil. He would also get involved with the French franchise known as Renault. He built Renault to the number one brand in sales and would later establish operations in the nation.
Six years later in 1998, Carlos Alberto de Oliveira Andrade would make CAOA the official importer of one of the top Japanese auto brands known as Subaru. Within a few years, Subaru had its sales in Brazil tripled by Andrade’s dealership. Carlos would also import the South Korean auto brand known as Hyundai and make it into one of the top selling automobile brands in the nation.
By 2007, Carlos Alberto de Oliveira Andrade eventually achieved his dream of building an auto manufacturing factory. He would invest $600 million to start up the factory. Carlos named the factory CAOA Automobile S/A and had it located in the Agribusiness District of Anapolis which is in the state of Goias. This factory was therefore put in a strategic location in the nation. As a result, it would help generate a lot of sales and make his factor the first Hyundai factor in Brazil.