The CAOA Group, which is the biggest Ford dealership in country of Brazil, was started three decades ago by business leader Carlos Alberto de Oliveira Andrade soon after he’d attempted to buy a Ford Landau in 1979 from a company called Vepel that could not deliver his car to him, due to the fact that it was experiencing some financial difficulties and had filed for bankruptcy. In order to compensate him for his trouble, Vepel offered him a job at the dealership, and he worked there for 6 years before opening up his CAOA auto manufacturing and distribution company.
In addition to being the maker of Ford brand cars, in 1998 and 1999, Carlos Alberto de Oliveira Andrade obtained the right to represent other brands like the Japanese model, Subaru, and the Korean model, Hyundai, and after taking over half of the assembly business of the Chinese car maker Chery in 2017, his company began making this brand of vehicles in its assembly plant, which was first put into operation in 2007, and is located in the city of Anapolis. The CAOA Group went through a great deal of expansion in 1992 when the dealership began importing its vehicles.
To honor his many years as a visionary business executive in the auto industry, Carlos Alberto de Oliveira Andrade was later presented with an award for entrepreneurial excellence by his vehicle manufacturing company, a recognition that was bestowed on him by a business and finance magazine. The successful corporate leader was born in the city of Joao Pessoa in 1943, and as a result of all of his business achievements, he is known as one of the wealthiest men in his country, with a yearly income of around $2 billion. This financial accomplishment caused him to be featured in Forbes magazine among others on its Billionaire List in February of 2017, and he has continued to be a high-earner in his industry, and an inspiration to other entrepreneurs who hope to reach his status. He came up with CAOA as a name for his company by using the initials from his own name.