In 1979, Carlos Alberto de Oliveira Andrade founded the largest distribution and manufacturing company of automobile in entire Latin America. He founded Carlos Alberto de Oliveira Andrade (CAOA) out of pure entrepreneurial spirit when he was working as a physician in Brazil. CAOA was born when he took ownership of a Ford dealership that went into bankruptcy before delivering a car he had purchased. He took over the management of the dealership as compensation for the prepayment.
Within six years after Carlos Alberto de Oliveira Andrade took over, CAOA had won the title of the largest Ford dealership in the entire country of Brazil. In 1992, laws preventing the importation of cars were removed and Dr. Carlos became the only importer of French Franchise Renault in the Brazilian market which emerged top in the numbers of imported cars sold in the country. In 1998, Subaru entered into an exclusive agreement with CAOA for the sale of Japanese Brand Subaru. Subaru had previously been dealing with another company but decided to change and give the business to Carlos Alberto de Oliveira Andrade. In a period of less that one year, the Subaru sales tripled.
Similar success was observed when Dr. Carlos took over the selling of Hyundai brand in 1999 and their successful engagement led to the building of the first Hyundai factory in Brazil, which was a dream come true for Carlos Alberto de Oliveira Andrade. The factory was branded the name CAOA automobile Assembly S/A. The assembly plant was followed by a Center for Research and Energy Efficiency that was inaugurated by CAOA in 2015. It is a lab dedicated to energy efficiency and conducts research on cars, fuels, urban mobility, products concepts and conducts certification of new car models.
Carlos Alberto de Oliveira Andrade company also collaborated with China’s Chery in 2017 for a Brazilian car factory known as CAOA Chery. The goal is to combine the strengths of the two companies to build a reputable car manufacturing company. Currently, CAOA is present in many areas across Brazil and dealing in brands such as Hyundai, Subaru as well as Ford. The company is still in an exclusive partnership with Subaru and Hyundai