While Carlos Alberto de Oliveira Andrade began his professional career as a medical doctor it was in the automotive industry that he really made his mark. He was born in Joao Pessoa which serves as Paraiba state’s capital. He decided to buy a ford Landau from a car dealership and put down the money needed for pre-payment. Before he was able to take possession of the car this dealership, located in Campina Grande, shut down due to bankruptcy.
Once he learned of the bankruptcy Carlos Alberto de Oliveira Andrade made an offer. He wanted the dealership passed on to him in order to be fairly compensated for the money he had put down on the Landau. This was agreed to and so, in 1979, Carlos Alberto de Oliveira Andrade became an entrepreneur. He named his company CAOA as those are his initials. He presently serves as his company’s chairman of the board of directors.
Carlos Alberto de Oliveira Andrade has had a great success in the automotive industry. CAOA was the biggest Ford dealership in Brazil fewer than six years after he started the company. Up until 1992 imported cars were prohibited in Brazil. Once this situation changed he took full advantage, first signing a partnership with Renault where CAOA would be the official and only importer of their cars. In later years he also signed a deal to be the official importer of Subaru vehicles and then one with Hyundai.
Carlos Alberto de Oliveira Andrade really wanted to own a car manufacturing facility. This dream came true in 2007 when his deal with Hyundai led to him opening CAOA Automobile S/A. This facility is located in Anapolis, Gaias, and he spent USD$600 million of his own money to get this built. The reason he chose to build this facility in the state of Gaias is that it is in a strategic location. He was able to build a large supply chain there and easily get completed cars to dealerships in both Brazil and nearby nations. It was in 2007 that he was named by IstoE Dinheiro Magazine as the ‘Entrepreneur of the Year in Industry’.