The businessman started CAOA in 1979. Currently, the firm operates in various parts in Brazil and the management is always seeking to expand it to other parts of the world. According to statistics for the automotive industry, CAOA is the largest manufacturer and distributor of vehicles in Latin America. Despite being a professional physician, Carlos Alberto de Oliveira Andrade decided to invest in the automotive industry. He works as the chairman of the organization’s board of directors.
Before venturing into the sector, Dr. Carlos was one of the most renowned health professionals in Brazil. Earlier in his life, he visited a car dealership and paid some money as a pre-payment for a Ford Landau. Unfortunately, the business was closed due to bankruptcy before his car was delivered and he had to negotiate to get ownership of the dealership as compensation for the money he had paid. The deal was accepted and that became the start of a motor company, CAOA where the name was derived from the initials of his name.
Carlos Alberto de Oliveira Andrade became part of the management team at the new firm. Years later, the company was ranked first among the other Ford dealerships in the country. After the legalization of imported cars in Brazil, CAOA ventured into the business. It started importing Renault vehicles and managed to sell the highest number of imported brands in the country. However, the partnership with the Renault brand manufacturers did not last for many years. Under the leadership of Carlos Alberto de Oliveira Andrade, CAOA has continued to expand its portfolios and that has had a positive impact on its sales revenue.
In 1998, CAOA partnered with Subaru and became the exclusive importer of the brand in the country. Another firm was doing the import business of the brand before the partnership between the two automotive companies. By the end of one year, the sales revenue of the Subaru brand tripled. One of the moves that gave CAOA international recognition is the partnership with the Hyundai brand. Before the partnership between CAOA and Hyundai was signed, two automotive firms had already failed.