UPDATE 7-Daimler backs Schrempp; rising star takes a fall

Newswire

(Adds details, background, closing New York stock price) By Mark Thompson and Christiaan Hetzner FRANKFURT, April 29 (Reuters) - DaimlerChrysler's supervisory board backed Chief Executive Juergen Schrempp and his battered plans to build a global automotive empire on Thursday, closing ranks after a strategic U-turn in Asia last week. The board threw its weight behind Schrempp and his strategy in a statement issued after a shorter-than-expected meeting in New York called to discuss the ...

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