Caoa founder Carlos Alberto de Oliveira Andrade has died aged 77

Caoa founder Carlos Alberto de Oliveira Andrade dies at the age of 77. | Photo: Social media / Caoa

The businessman Carlos Alberto de Oliveira Andrade, founder of Caoa, an automotive group that bears his name and founded in 1979, in Paraíba, died this Saturday morning.

“Dr Carlos was in poor health due to medical treatment and died in his sleep with his wife and children,” the Caoa Group board said in a statement.

A doctor by training, Oliveira Andrade has brought together brands such as Ford, Hyundai, Caoa Chery and Subaru in her group, and recently her company has been affected by Ford’s decision to stop production of vehicles in Brazil. Interment took place at 5.30 p.m. at Cemitério do Morumbi, São Paulo.

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