BERLIN, March 10 (Reuters) - Ford will inject up

to 4.4 billion euros ($4.77 billion) into its German subsidiary

in order to reduce debt levels, the U.S. carmaker said on

Monday.

The Financial Times first reported the news.

The German arm, Ford-Werke, would continue its strategic

transformation initiatives, focusing on reducing its cost

structure in Europe and increasing competitiveness, Ford said in

a statement.

($1 = 0.9230 euros)

(Writing by Rachel More, Editing by Miranda Murray)