EV maker Arrival SA (OTC:ARVLF) has appointed EY as administrator for its two UK subsidiaries and is mulling over selling its business and assets, after failing to acquire necessary rescue funds. What Happened: The company said that Simon Edel, Alan Hudson, and Sam Woodward, from EY-Parthenon’s Turnaround and Restructuring Strategy team, would be joint administrators for its two units Arrival UK Ltd and Arrival Automotive UK Limited. The joint administrators are tasked with investigating the possibilities of selling the business and assets of the two units including their electric vehicle plat…