Ascensión Asunción
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| Full Name | Ascensión Asunción |
| Base | Asunción, Paraguay |
| Founder(s) | Julio Ramón Jiménez |
| Team Principal(s) | Julio Ramón Jiménez |
| Technical Director | Carlos Jara |
Ascensión Asunción is a motor racing team based in Asunción, Paraguay. It currently competes in the South American Formula 4.
