In Latin America, in the sector of automobile distribution and manufacturing, Carlos Alberto de Oliveira Andrade is the largest. Carlos Alberto de Oliveira Andrade is the founder of the company, and he named the company by his name. The company was founded in 1979. Carlos Alberto de Oliveira, the founder of the company, is currently offering his services as the chair in the board of directors.
The company has done so well from the time it was founded. Their work has not gone unnoticed because they have received so many awards. For Carlos Alberto de Oliveira Company they have always used the program of reusing the waste from the vehicle production. The other thing is that they participated in the reforestation at the Brazilian Midwest. All this did not go unnoticed because they were awarded the Good doer Company that IstoE Dinheiro is responsible for rewarding.
In 2012, they yet received another award which was “Distributor of the Year.” The Hyundai’s parents are the one responsible for giving out the reward and worldwide they will be 179 distributors of the brand who will participate. For Carlos Alberto de Oliveira Andrade it was the first company outside of Europe to get the recognition. In 2015, there was yet another development as the company inaugurated a new center that was named Center for Research and Energy Efficiency (CPEE) at the plant based in Annapolis. In Latin America the laboratory is the only one that is well equipped with all the facilities needed.
The Center for Research and Energy Efficiency will conduct the researches of any new vehicle, the fuels, engines, and car models. In 2017, Carlos Alberto de Oliveira Andrade entered a joint venture with China’s Chery so that they would launch CAOA CHERRY. The partnership was to bring two strengths together engineering strength and high sales. The CAOA CHERRY is a new car manufacturer based in Brazil. The company has expanded to all parts of the Brazilian region, and they have brands like Subaru, Ford, and Hyundai. Also, they are the exclusive supplier of the Subaru and Hyundai models from 1990s. The other car models that they manufacture are the HR, HD80, Tucson SUVs, iX35, and HD80 trucks.