CAOA is one of the biggest automobile distribution and manufacturing companies in Latin America. Founded by Carlos Alberto de Oliveira Andrade, the company has been enjoying enormous success over the past years all thanks to the mighty works of Carlos Alberto. A physician by profession, Alberto ventured into the automotive business in 1979. He decided to acquire a car, Ford Landau from the Ford dealership in Campina Grande. Unfortunately, the dealership was declared bankrupt before the Ford Landau was delivered to him. To fully compensate for the payment that he had already made, Carlos Alberto asked for the bankruptcy deal to be passed on to him. He was granted the deal and as a result, became the founder and owner of the Ford Dealership.
After taking over control of the company, positive changes were witnessed within a very short period. In 1992, CAOA Group became the first importer of Renault cars in the country. The numbers of Renault cars in Brazil greatly increased and in three years, it became the leading brand in sales in the imported car sector. CAOA Group also became the first importers of Subaru and Hyundai cars in 1998 and 1999 respectively.
The sales of these brands increased suddenly following the new take-over at Ford dealership. By 2006, the company maintained its position as the biggest Ford dealer in Latin America. It also became the only importer and distributor of Hyundai and Subaru brands in Brazil. In 2007, Carlos Alberto decided to take his business to a whole new level by leading the inauguration of the Hyundai plant in Brazil. The plant is located in Goiás, Dr. Carlos Alberto selected this place mainly due to its strategic geographic location.
Carlos Alberto de Oliveira Andrade’s success in the automotive industry has won him a lot of awards. He has previously received the “Entrepreneur of The Year in Industry” award which is normally given by IstoÉ Dinheiro Magazine. His company, the Anápolis factory, was also honoured by the same magazine for leading in the reuse of waste in vehicle production and its participation in the conservation of forests in Brazil.
Check out Dr. Carlos’ accolades: https://www.linkedin.com/in/carlos-alberto-de-oliveira-andrade-17a239149