Carlos Alberto de Oliveira Andrade is a Brazilian businessman who was born in the state capital of Paraíba, João Pessoa. He was trained a physician and spent his time as a medical doctor working the North and Northeast regions of Brazil. In 1979 his life took a big detour and he is now the owner of a car dealer and manufacturer, CAOA, and is its chairman of the board of directors.
In 1979, Carlos Alberto de Oliveira Andrade wanted to buy a car. He bought a Ford Landau at a Campina Grande dealership. However, the dealership entered bankruptcy before his Landau was delivered to him. He made an offer that in exchange for the car he would take ownership of the dealership. This agreement was hammered out and so he switched occupations. He has had a great deal of success as the owner and operator of CAOA. It took him fewer than six years to grow his company into Brazil’s biggest Ford dealer.
Prior to 1992, Brazile did not allow imported vehicles to be sold. When this changed Carlos Alberto de Oliveira Andrade didn’t waste any time lining up a partnership with a foreign car manufacturer. The first of these he partnered with was the French automotive firm Renault. CAOA boosted this firm’s cars into the top-selling imported car brand. Six years later he came to an agreement with Subaru and he was able to triple the number of vehicle sales they had in Brazil.
Carlos Alberto de Oliveira Andrade had wanted to open a car factory. He was able to fulfill this ambition in 2007 when, through a partnership with Hyundai, he spent USD $600 million building a car plant. This was placed in the state of Goiás for a strategic reason. From this state, he could build a supply chain that would not only furnish cars to consumers in Brazil but also had easy access to neighboring nations. Having cemented this legacy of building a car factory he was named as the “Entrepreneur of the Year in Industry” by the magazine IstoÉ Dinheiro in 2007.