Eastwood carries a product that is made for steering wheel restoration.  It's 
called PC7 Epoxy.  One pound sells for 12.99.
I can't vouch for the product because I have never tried it but I think 
filling with epoxy, sanding and then a coat of epoxy enamel paint is how the 
steering wheel pro's do it.  If there is such an animal.
Paul
Colorado
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