UPDATE 2-Glut concerns aside, Nissan JV opens China plant


(New throughout, adds details, quotes, background) By Tony Munroe GUANGZHOU, China, May 18 (Reuters) - Nissan Motor Co, unfazed by talk of overinvestment in China, on Tuesday opened a joint venture sedan plant -- part of a spending spree by auto makers gunning for a piece of the world's fastest growing major car market. "Yes, overcapacity is a reality," said Miao Wei, chairman of Nissan's 50 percent-owned Dongfeng Motor Co tie-up. He said Dongfeng is adding capacity to meet demand, and ...

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