Currently present in all regions of Brazil as one of the biggest distributors of Ford, Hyundai, and Subaru vehicles in the area, Carlos Alberto de Oliveira Andrade’s CAOA has prospered for over 40 years and achieved many milestones along the way including the selling of over one million vehicles in Brazil. Formerly a doctor the story of Carlos Alberto de Oliveira Andrade is nothing short of inspirational and full of entrepreneurial spirit and a story that all young and aspiring entrepreneurs should look up to.
The story begins when a Ford dealership in the state of Paraiba, went broke shortly after selling a Ford Landau to one Carlos Alberto de Oliveira Andrade, which was never really delivered to him. Dr.Carlos offered dealership to compensate him for the pre payment made for the vehicle by passing the ownership of the bankrupt dealership to him. This was the birth of CAOA. Under the exceptional vision of Dr. Carlos, within six years CAOA became the biggest Ford dealership in all of Brazil. Ford however, was only the beginning as in the year 1992 CAOA imported vehicles by the French company Renault. While this partnership was later ended but while it lasted, CAOA made Renault number one in sales of imported cars and brought them to the 5th position in automotive markets and general. The range of brands from which the vehicles were imported only went on increasing with a Subaru partnership in 1998 and Hyundai in 1999.
Dr. Carlos expanded his vision even further in 2007 and that was when the first Hyundai assembly plant in Brazil was established by the name CAOA Automobile Assembly S/A. On Wikipedia, it was mentioned that awards began pouring in for the company in the year 2010 after it began adopting environment friendly policies. 2015 brought about further expansion when CAOA assembly plant also established a research and energy efficiency center to further their endeavor in the automotive industry. Despite all of its achievements its potentially biggest venture began in 2017, when CAOA partnered with China’s Cherry to produce a completely Brazilian car manufacturer. The 40 years for which the company has been running, it has seen continuing growth and prosperity.
See Dr. Carlos’ profile on Crunchbase: https://www.crunchbase.com/person/carlos-alberto-de-oliveira-andrade