Not sure I'd be for it, imagine being a Ford fan and having a shirt with both the Ford and Chevy emblem on it, or being a SAAB fan and having the logo with both SAAB and Volvo, etc etc.......forever competitors, likely the same can be said of the owners......
Nice job on the emblem and not a bad idea though.
I don't mind the 'LVC' thing overall, that way they keep each companys logo out of it.....maybe something with the LVC stylized or some interesting artistic rendering of that?