It is not unusual for parts suppliers (in a lot of industries) to go in and out of supply contracts as an OEM (original equipment manufacturer), meaning that they supply authorized parts to someone else for a while, then another someone else underbids them and they lose the contract for a while and maybe later on it flips back (usually because the second supplier wasn't making enough of a margin on his low bid).
Supplier #1 still has the tooling and left over raw materials on hand and can still produce parts, but they're no longer under license so they have to remove any reference to the "Mother Company". They may even have finished product that they produced in anticipation of a continued contract that didn't happen and can do whatever they want with it once the reference logo to the buying company is removed. I used to deal with this from time to time with our (totally unrelated) products.
It would have been much cooler if Supplier #1 had modified their rubber casting tool to eliminate the logo, but they may have had a bunch of finished product and someone (usually an inside sales person) said it was OK just to grind off the existing logo (I hope we have no "inside sales" people on here) and sell 'em as-is.
Now..... Would I use it if it was the sole link between my steering wheel and steering linkage?
Pro'bly not. You only live once.