Make sure the plug is lined up correctly. I thought the cord could only be installed one way....but it took me a trip to the dealer. The passenger could not transmit, and the left speaker did not work on the head set. Come to find out, I had the cord installed wrong.
I just had this exact same issue. I was ready to just call the dealer, but decided to do a search on this subject. Turns out the passenger volume while in intercom mode was just to low. This is a great forum. Happy...Happy....Happy.